Good news for chipmakers: Memory prices soar

Memory chip prices shot up on Monday--a welcome bit of news for beleaguered chipmakers who have been caught in a relentless downward price spiral.

Prices for DRAM (Dynamic Random Access Memory), the main memory in PCs, shot up as much as 26 percent, according to data posted on DRAMeXchange. A number of reports have attributed this to the bankruptcy of Germany-based chipmaker Qimonda and the consequent belief that this will relieve some of the pressure on prices caused by oversupply.

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