Q1 of 2008 in the DRAM market will be closing on the down side. After a brief spike in chip prices before the Chinese New Year in early February, the market continues to decline, with no immediate signs of recovery. DRAM activity in March can be a good indicator of how Q2 of 2008 might shape up, but so far the first week has shown no signs of any positive activity.
512 MB chips have dropped back down into the $0.85 to $0.90 range after hitting a high of $1.15. 1 GB chips have dropped to under $2 after reaching a high of $2.20 to $2.30.

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