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Memory Chip Concept Wavers Then Rallies: Tongyou Technology Soars Over 10%
2 day ago /
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Author：小编
During morning trading, the memory chip sector experienced a period of volatility before staging a rebound. Tongyou Technology stood out with a remarkable surge exceeding 10%, closely trailed by Baiwei Storage and other companies in the field. According to reports, following Samsung Electronics' decision to double DRAM contract prices in the first quarter, there has been a further quarter-on-quarter increase of 30% in the second quarter. By the end of March, Samsung had wrapped up price negotiations with its key clients and secured supply contracts. This latest round of price hikes encompasses both HBM, a crucial component for AI chips, and general-purpose DRAM used in PCs and smartphones.
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