South korea chipmaker shares tower on micron´s toil vindication view
BuyLinkShop: Shares of south korean chip giants jumped on thursday succeeding u.s. chipmaker micro...
Seoul (BuyLinkShop, quoting the Reuters) - shares of south korean chip giants jumped on thursday succeeding u.s. chipmaker micron technology inc forethought vindication in a retention market saddled with oversupply as symbol require sags. smooth photo: retention chip parts of u.s. retention chip creator microntechnology are pictured at their booth at an industrial untarnished in frankfurt, germany, july 14, 2015. reuters/kai pfaffenbachthe world’s second-biggest retention chip maker, sk hynix inc, saw its shares surge closely 7 percent by 0330 gmt, while technology giant samsung electronics co ltd gained 4.3 percent. micron said on wednesday it saw vindication in the retention chip market, succeeding reporting quarterly use that whip analyst estimates as worth restrain helped offset falling require and prices. “micron’s protuberance on growing retention chip require from postulates kernel operators surround up a unequivocal view for the retention chip industry, helping boost shares of south korean chipmakers,” said analyst seo sang-young at kiwoom securities. analysts possess been watchful touching prospects of the retention chip market due to sink require for smartphones and slumping investment from postulates kernel companies. “with its propose to irritate production, it seems that micron is persistent to reform restrain oversupply problems in the chip market,” said analyst park sung-soon at bnk securities. tech scrutiny steadfast trendforce in a tidings on wednesday said it expects a single a scorn repudiate in nand twinkling chip sales in the second territory as require recovers from smartphones, computers and servers. “although it won’t reason an proximate reversal of the oversupply situation, it succeed possess a unequivocal result on the market environment,” analyst ben yeh at dramexchange, a trendforce division, said in the tidings. twain samsung electronics and sk hynix said in their earnings parley calls in january that they expected sales of retention products to revivify in the second half of the year. rising chip shares helped upraise the broader kospi supply value index by 0.3 percent.
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