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Samsung stocks slips on faulty chips rumor


Friday, June 20, 2008

Shares of Samsung Electronic closed down 3.41 percent at 680,000 won on the Korea Stock Exchange.

Earlier during this week, Taiwan’s DigiTimes reported on its English Web site that Samsung Electronics had a large batch of its dynamic random access memory (DRAM) chips rejected by customers. Speculation over its faulty chips may have dragged down Samsung shares. In the report, Digitimes news report added that Samsung have encountered problems in production using a less-advanced 68-nanometer chip processing technology, with sources indicating that PC makers had recently rejected a batch of 80 million 1Gb-equivalent chips.

Samsung responded that the report were ``baseless’’ and Samsung may take legal action against the Taiwanese company.

By: DocMemory
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