SEOUL, April 17 (Reuters) – Shares in Seoul memory chip makers including Samsung Electronics and Hynix Semicondcutor rallied on Friday after spot prices for key DRAM chips jumped, and following news a Taiwanese counterpart was planning price hikes.
Spot prices for DRAM chips rose 6 to 7 percent range overnight, according to DRAMeXchange.
Meanwhile Nanya Technology (2408.TW), Taiwan’s No.2 DRAM maker, is in talks with clients to raise the contract price of its chips by 10 percent later this month, the company said on Thursday. [ID:nTP253476]
Samsung Elec (005930.KS) was up 2.93 percent and Hynix (000660.KS) rose 9.06 percent as of 0019 GMT.
(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)