Intel Corp cuts price of computer memory chip prices

PRICES of the most widely used computer-memory chips fell after Intel Corp reduced the cost of its processors, stimulating demand for faster memory products.

They may rebound next week as PC makers stock up ahead of the year-end shopping season, a market maker said.

The spot price of the benchmark 256-megabit, 266-megahertz double-data-rate dynamic random-access memory chip dropped 1.4% in the past week to $4.39 yesterday, according to Dramexchange.com, a Taiwan-based online market. It forecast the price will rise to as much as $4.60 by November 15.