Shares of DRAM chip maker Micron Technology (MU) are up 67 cents, or almost 4%,a t $19.18, apparently lifted by an article in the Economic Daily News of Taiwan relating that Samsung Electronics (005930KS), one of two big competitors to Micron, is going to cut its output of “standard” DRAM.
The Economic Times article was picked up by Korbin Lan of trade pub CTimes, and it is not clear from his version just where Economic Times is getting its information. The article reportedly states that Samsung is planning to shift capacity to production of the mobile version of DRAM, to accommodate Apple‘s (AAPL) iPhone. It also apparently states that Samsung’s prices will at least hold firm for DRAM and may very well rise.