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Asian chip manufacturers receive boost from Qimonda’s woes
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Leading
Asian memory manufacturers have reported a rise in share prices
following last week’s filing for bankruptcy by Qimonda AG, claimed a Reuters report. The German company’s exit from the market has raised hopes for an easing-off of the supply backlog of DRAM chips.
According to the report, Samsung’s shares closed up 10.5%; Hynix was up 15% while Elpida saw its shares gain 9%. However, not all companies in the industry are boasting strong figures, as Toshiba revealed it is to shutter some of its Japanese chip plants.