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S.Korea's Hynix sees sharper NAND price fall in Q1

Tue Jan 30, 2007 7:25pm EST

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SEOUL, Jan 31 (Reuters) - South Korea's Hynix Semiconductor Inc. (000660.KS) forecast on Wednesday the average price of its NAND flash memory chips would fall by 34-35 percent in the first quarter, accelerating from an 11 percent drop in the fourth.

Hynix said during a conference call that it expected a weak NAND flash market in the first half of 2007 due to lack of a major demand driver, although demand is set to recover in the second half helped by new applications using the chips.



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