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Hynix CEO sees DRAM price rebound in Q2

Posted: 21 Jan 2008 ?? ?Print Version ?Bookmark and Share

Keywords:DRAM? price rebound? Hynix CEO?

Hynix Semiconductor Inc. CEO Kim Jong-kap sees a DRAM price rebound in Q2, according to a Korea.net report.

"The semiconductor sector tends to undergo around 15 months of price declines once the downswing starts," Kim was quoted as saying. "Considering the downward move started earlier last year, the prices are likely to rebound from the second quarter."

Kim's optimism sparks hope that the South Korean firm could see a turnaround in profitability, after suffering heavy losses from last year's DRAM price plunge. The company recorded a 9.9 percent drop y-o-y in operating profits in Q3 2007 and its shares fell more than 40 percent for that quarter, the report said.




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