SPIRALING UPWARD:The TAIEX hit a 27-year high yesterday, while turnover on the Taipei Exchange hit a record of 40 million shares amid DRAM supply constraints
Taipei Times
Date: Sep 19, 2017
By: Lisa Wang / Staff reporter
The nation’s major suppliers of memory chips and modules saw their stock prices climb by up to 9.97 percent yesterday amid speculation that Samsung Electronics Co plans to raise mobile DRAM prices by about 10 percent on the back of increasing supply constraints.
Adata Technology Co (威剛科技), the world’s second-largest memory module supplier, outperformed its peers as its shares skyrocketed near the 10 percent daily limit to NT$86, or up 9.97 percent.
The performance marked its highest level in more than three-and-a-half years.
Turnover set an all-time high, with 40 million shares changing hands, Taipei Exchange statistics showed.
The company on Friday said that the supply crunch in DRAM chips next quarter might exceed its expectations as increasing demand for smartphones and cloud-enabled servers is squeezing DRAM chip supply. [FULL STORY]