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DRAM 64Mb chips to hit $10 by year end

Korea ups export forecast

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Prices for 64Mb DRAM chips are set to hit $9 or $10 by the second half of this year, The Korea Times reports.

The Korean Minister of Commerce, Industry and Energy cited supply shortages as the prime reason behind the steady increase in memory cost, and said the drought looked likely to last until the end of the year.

The expected price hike was enough to cause officials to readjust the country's DRAM export forecast for this year - up from $23.5 billion to $24.5 billion.

"The prices of the 64Mb units broke the $7 barrier last month and have been trading in the $8 range this month and further increases are expected as supply remains short," one ministry official told the newspaper.

According to sources, Hyundai was today quoting $8.2 for (PC-100 8x8) chips. On the UK spot market, Dane-Elec was this afternoon selling 64MB DIMMs at $64-$65 - around $10 higher than at the start of June - and Memory Corp was quoting $63-$67. ®

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