Memory chipmakers are fighting for their life.
The memory chip market--and industry--is caught in a particularly brutal downward price spiral that is threatening the viability of even the largest players.
"Memory manufacturers who have already been losing money for several quarters are now looking at another six months to a year of absolutely ominous conditions," said Avi Cohen, managing partner at Avian Securities.
Companies are now in survival mode, according to Cohen. "It is a matter of survival and everyone needs to figure out how to stay in business over the next year or how to scavenge … Read more