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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (58315)	1/2/2002 1:00:15 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Note the bold. :0) Stan Wednesday January 2, 12:01 am Eastern Time Korea Hynix raises contract chip prices by 30 pct (UPDATE: Adds details, Samsung plan, share prices) biz.yahoo.com SEOUL, Jan 2 (Reuters) - Korea's Hynix Semiconductor Inc said on Wednesday it had raised contract chip prices by 30 percent on average to reflect hikes in the spot market. ADVERTISEMENT Hynix, the world's third largest memory chipmaker, raised chip prices twice late last year. ``We raised chip prices as of January 1 in line with gains in the spot prices,'' said a company spokesman. The figure was based on 128M DRAM (dynamic random access memory) equivalent chips. Larger rival Samsung Electronics was also considering raising contract chip prices. `Contract prices need to be readjusted again to narrow gaps with spot prices,'' a Samsung executive told Reuters. He declined to specify how large an increase Samsung might make. Samsung, the world's largest memory chipmaker, raised contract prices on DRAM chips, used primarily for memory in personal computers, in November and December by about 10 percent each time. Shares of Hynix were up a sharp 13.6 percent at 2,750 won, outperforming the benchmark stock index , which was up 3.93 percent at 720.96. Samsung shares were up 7.2 percent at 299,000 won. Spot prices for DRAM fell in 2001 to barely 10 percent of their value a little more than a year earlier, triggered by an abrupt slowdown in global demand for PCs. Spot prices for standard 128 megabit 16x8 DRAM chips were quoted at $2.52 on average on Monday by DRAMexchange, an industry Web site. That was up 8.6 percent from the previous day.