Nanya Tech to raise DRAM contract price by 10 pct

TAIPEI Tue Jan 6, 2009 10:09pm EST

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TAIPEI Jan 7 (Reuters) - Nanya Technology Corp (2408.TW), Taiwan's No. 2 DRAM chip maker, said on Wednesday it plans to raise the contract price of its chips by 10 percent in January from the level in late December.

"We are talking to our clients but they haven't agreed yet," said Ting Yang, an investor relations manager at the company.

Yang said the effects from the recent industry-wide cut in production were being felt and some computer vendors were also increasing demand for memory chips.

But Yang said it was still too early to say if demand would pick up significantly and if the price increase would continue in the coming months. (US$1=T$33) (Reporting by Baker Li, Editing by Jacqueline Wong)

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