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The Company is a global manufacturer and marketer of semiconductor devices, principally DRAM and NAND Flash memory and CMOS image sensors.
Spot prices on DRAM have been increasing, but in the latest conference call MU said their DRAM bit volume increased while their average selling price declined 12%. This is likely due to their contract prices lagging spot prices. The next quarter should include some of those spot price increases in the DRAM market.In addition to the improving DRAM conditions, the NAND prices are rising due to a shortage of chips combined with healthy demand as individuals and enterprises alike are moving to SSDs instead of replacing PCs.The price has a good bit of the Elpida acquisition baked in. Price target: $14.
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