Nanya Tech to raise March memory chip prices

TAIPEI, TAIWAN: Nanya Technology Corp, Taiwan's No.2 DRAM chipmaker, will raise contract prices this month, the company said on Tuesday, in a sign the industry is picking up.

Vice-president Pai Pei-lin told reporters they had successfully lifted February prices by a low single-digit percentage.

"We are still negotiating the extent of price rise for March," said Pai.

Japanese PC chip maker Elpida Memory Inc said last month it expected dynamic random access memory chip prices to rise in March as demand grew.