Government mulls aid for chipmakers

ASSISTANCE The government is considering extending credit and buying stakes in DRAM firms but will not inject fresh capital into these companies, a top official said

By Lisa Wang / STAFF REPORTER

Samsung, the world’s largest maker of memory chips, said on Monday that the ongoing glut in the memory chip market had worsened and made it difficult for the firm to earn a profit from the product, Bloomberg reported, citing executive vice president Chu Woo-sik.

ADDITIONAL REPORTING BY KEVIN CHEN