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Samsung resumes chip production, minifies losses

Darren Murph
August 4, 2007
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Merely hours after Samsung was staring at "at least" $54 million in losses from an unexpected power outage at its Giheung complex, the firm is now reporting that the half dozen production lines are "fully operational." Moreover, the outfit is now projecting losses to peak at around $43 million, which actually doesn't sound too horrific compared to prior estimates. It was noted, however, that the disruption could extend a shortage of NAND flash memory through "at least the first half of August," and reports are already claiming that prices of select NAND chips have risen "6.3-percent to a record $19.02."

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