This is what the CEO of the loss making DRAM manufacturer has to say about his “friendly competitors” at the Reuters Global Technology, Media and Telecoms Summit in Tokyo:
- On Samsung, the world’s largest memory chip maker: They go about town saying how big and mighty they are. They are very successful and nobody’s denying that. However, they dominated the DRAM industry and now they are down to 25 percent.
- On a sudden power outage at one of Hynix’s DRAM plant in China: “Fair luck. Life’s like that. Get that fixed as soon as possible!”
(Shares of rival memory chipmakers in Japan and Taiwan rose on hopes the disruption would reduce worldwide DRAM supply and boost prices in a depressed market. Makers of DRAM chips worldwide have been mired in a steep market downturn for more than a year, with prices of some key chips falling more than 90 percent since early 2007.)
- On the silver lining for DRAM companies: Good news is that chip prices are going up. Good news is that there is a balance between supply and demand. Bad news is that it’s not enough for us to make sufficient money.
- On what would be the next hot thing in technology: Any company that can combine things concisely to give me more healthy and quality time. As I see it, it will not be a small company. It could be the transformation of Microsoft and Google together. You have the software capability and you have the search capability… that would be a great combination.
- On which stock would he put his money on: Renewable energy and biotech startups.