End of a chip boom? Memory chip price drop spooks investors
Prices of high-end flash memory chips have dropped nearly 5 per cent in the fourth quarter
Tue, Jan 16, 2018 - 5:50 AM
The memory chip industry has enjoyed an unprecedented boom since mid-2016, expanding nearly 70% in 2017 thanks to the growth of smartphones and cloud services that require more powerful chips.
AFTER a blistering year-and-a-half-long surge, a sudden drop in some memory chip prices - followed by Samsung Electronics' disappointing profit estimate - is causing jitters among investors who had bet that the chip boom would last at least another year.