Kiwoom Securities maintained its overweight recommendation for the semiconductor industry, saying that the upward trend of the chip prices would likely to continue toward the third quarter of this year.
A Kiwoom analyst said, "The price of memory chips remained strong in May. We maintain our overweight recommendation for the semiconductor industry as the upward price trend would likely continue."
According to DRAMeXchange, the per-gigabyte price of DRAM memory chips for personal computers averaged at 85 cents in May, the same as that of the previous month.
The per-gigabyte price of DRAM memory chips for servers averaged at $1.04, up 0.8 percent from the previous month, sustaining its upward trend for ten straight months.
The average gigabyte price of NAND flash memory chips stood at 5 cents, up 0.1 percent compared to a month ago. Kiwoom predicted that the price of DRAMs for server use would likely continue to rise in the third quarter of this year thanks to tight supply and low retail inventories.