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Hynix CEO hopes DRAM price to 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 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 per cent drop y-o-y in operating profits in Q3 2007 and its shares fell more than 40 per cent for that quarter, the report said.

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