Samsung hikes memory chip prices on depleting client inventories

There are signs of a memory chip market recovery, particularly in the mobile DRAM chip segment, although demand for personal computer chips remains weak, chipmakers and industry analysts said.

Samsung Electronics Co., the world’s largest memory chipmaker, recently signed memory chip supply deals with its clients, including Xiaomi, Oppo and Google, at prices 10-20% higher than their existing contracts for DRAM and NAND chips, industry sources said on Tuesday.