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Samsung Electronics expects prices in dynamic random access memory (DRAM) chips to drop in the third quarter after a mild rise in the second quarter, an executive at the world's largest memory chip maker said on Friday.

"Both (DRAM and NAND) will behave similarly and we expect a high-single-digit percent drop in prices," said Kim Il-ung, senior vice president of Samsung's semiconductor division.

The average selling price for DRAMs rose 2 percent in the April-June quarter from three months earlier, Samsung said