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Flash memory prices rebound as makers introduce larger-capacity chips

Xiaomi CEO Lei Jun announces a new smartphone model in Beijing. Smartphone makers are introducing models with larger memory capacity, boosting demand for flash memories.

TOKYO -- Buoyed by a significant demand increase as Chinese and Taiwanese smartphone makers introduce products with larger memory capacity, prices of NAND flash memory chips have rebounded significantly.

The benchmark bulk sales price of NAND flash memory products rose a significant 22% in June compared to a month ago.

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