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Samsung headed for China agreement in likely ding to DRAM prices

Published 02/02/2018, 10:06 AM
© Reuters.  Samsung headed for China agreement in likely ding to DRAM prices
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  • Samsung (OTC:SSNLF) is going to sign a memorandum of understanding with China's National Development and Reform Commission during an upcoming visit, DigiTimes reports, in a likely negative for DRAM prices.
  • The NRDC has expressed concerns over what it says is a significant role for Samsung in price hikes for memory chips.
  • The MoU will likely be about "comprehensive cooperation" in the chip sector, including more investments from Samsung in China -- and an agreement to moderate DRAM price increases to ease price pressures on China's smartphone makers.
  • Bullish semiconductor ETFs are lower, and short ETFs higher: (SOXL -6.7%), (SOXX -2.2%), (PSI -2.8%), (FTXL -1.5%), (XSD -3.2%), (SOXS +6.8%), (SSG +3.3%). Also lower: MU -4%; WDC -2.6%; OTCPK:TOSYY -2%.
  • Now read: Samsung Electronics (KS:005930) Co., Ltd. 2017 Q4 - Results - Earnings Call Slides


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