Samsung Mulls DRAM Contract Price Hike For Early Jan- Source
Tuesday January 6th, 2009 / 9h46
HONG KONG -(Dow Jones)- Samsung Electronics Co. (005930.SE) plans to raise its contract price for dynamic random access memory chips in early January, a person familiar with the situation said Tuesday.
The world's biggest producer of dynamic random access memory chips by revenue aims to raise DRAM prices "slightly" in its negotiations with personal computer makers, but currently some customers are resisting the price hike, the person, who declined to be named, told Dow Jones Newswires.
"It's not certain Samsung will be successful in raising prices given resistance from some customers," the person said.
DRAM makers negotiate their contract prices roughly twice a month with PC manufacturers.
Contract DRAM prices have hit record lows in December resulting in hefty losses for many of the world's DRAM producers.
-By Yun-Hee Kim, Dow Jones Newswires; 852-2832-2330; yun-hee.kim@dowjones.com
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