Chip Shortage Looms as Samsung Courts Rival For Orders
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Samsung Electronics Co. spent about $24 billion in the past two years beefing up the world’s biggest maker of memory chips to meet demand. It wasn’t enough.
Surging sales of smartphones, including its own Galaxy range, has Samsung turning to its biggest rival to buy mobile dynamic random access memory chips. For the first time, the company that makes more than half the world’s mobile DRAM chips may buy them from SK Hynix Inc., said Shin Jong Kyun, head of Suwon, South Korea-based Samsung’s mobile business.