TAIPEI: Memory and chip stocks in Taiwan and Hong Kong climb as Samsung halts some production lines after power outage.
Meritz Securities said in a note that production of the plant’s DRAM, NAND and system chips, such as CIS, may have been partially affected.
Samsung’s halt may hit DRAM supply in the near term, said Cathay Securities assistant vice president Boryi Chien; adds that DRAM prices are bottoming out.
Nanya Technology rose as much as 7.6%, to the highest since July 2018; Phison Electronics +6.5% to highest since November 2017.
TSMC added as much as 2.4%.
Chipmakers also advanced in Hong Kong; Hua Hong Semiconductor rose as much as 8.1% and SMIC +4.9%. - Bloomberg