DRAM prices soar in wake of Qimonda bankruptcy

The bankruptcy of Germany-based chip maker Qimonda appears to have triggered an increase in the price of DRAM, according to reports filtering in. Qimonda commanded about 10 percent of the DRAM market in the third quarter of 2008, and its insolvency will likely alleviate some of the price pressure other players in this extremely competitive sector are facing.

Despite the weak market, the price of certain DDR2 memory rose by up to 28 percent yesterday, with flash memory chips also rising more than 5 percent, according to data posted on DRAMeXchange. According to Gartner, DRAM chip prices will likely continue to climb, while IDC is predicting that the global DRAM market will shrink 12.1 percent this year.

For more on this story:
- check out this article at CNET News
- check out this article at ITworld

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