|
Memory chip market slump is ¡¥over¡¦
BLOOMBERG
Tuesday, Sep 22, 2009, Page 12
The US$18.4 billion computer-memory industry¡¦s three-year slump is over and chipmakers led by Samsung Electronics Co are poised to see a market recovery that may last two years, Morgan Stanley said.
Dynamic random access memory (DRAM) sales will probably climb 21 percent to US$22.4 billion next year, the first gain in four years, after chipmakers scaled back production and as personal-computer demand rises, Keon Han, a Seoul-based analyst at Morgan Stanley, wrote in a report yesterday.
DRAM spot prices have more than doubled this year after falling more than 50 percent in last year.
¡§The industry downturn that began in 2007 is over,¡¨ Han wrote. ¡§We believe the DRAM industry is now embarking on a sustainable recovery. We have a positive view of DRAM globally on a one- to two-year time horizon.¡¨
Chip stocks rose in Seoul and Taipei trading after the broker raised its share-price estimates on Samsung, Hynix Semiconductor Inc and three Taiwanese chipmakers: Nanya Technology Corp («n¨È¬ì§Þ), Winbond Electronics Corp (µØ¨¹¹q¤l) and Inotera Memories Inc (µØ¨È¬ì§Þ).
¡§The DRAM market will be in a good shape this year and next year as demand is improving, while supply addition is limited,¡¨ said Im Jeong Jae, a fund manager at Shinhan BNP Paribas Asset Management Co. ¡§Korean chipmakers are set to fully enjoy the recovery because their cost competitiveness against rivals is strengthening.¡¨
This story has been viewed 732 times.
|
Advertising


|