Computer-memory maker Elpida Memory Inc. plans to raise prices 20 percent in April, Chief Executive Officer Yukio Sakamoto said, defying the glut that drove chip makers to record losses in the $31 billion market.
Elpida, Japan’s biggest memory manufacturer, will inform computer makers that it plans to increase prices 10 percent in the first half of April and another 10 percent in the second half of the month after demand rose and inventory levels fell, Sakamoto said in an interview Monday.
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