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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

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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.

Seoul

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.

Amid news that the...

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