TOKYO -- Prices of memory chips are declining sharply amid sluggish demand for smartphones, even as the world produces more data to store and process.
Technological progress amplifies downward pressure on DRAM and flash

Samsung's DRAM prices were down more than 30% at one point in the October-December quarter. (Photo courtesy of Samsung Electronics)
TOKYO -- Prices of memory chips are declining sharply amid sluggish demand for smartphones, even as the world produces more data to store and process.