elpida. dram

Samsung loses $10 billion market value on Apple report

An Apple-related report from Taipei-based DigiTimes lopped $10 billion off Samsung's market value, according to Reuters.

The Taipei-based publisher said on Tuesday that Apple has placed "huge orders for mobile DRAM" chips with Elpida, a Samsung rival.

That news alone drove Samsung's shares down 6 percent, wiping the $10 billion off the market value on Wednesday, according to Reuters.

It also drove memory maker Hynix's shares almost 9 percent lower, the biggest one-day drop in nine months.

Taipei-based DigiTimes is known generally as an Asian manufacturer mouthpiece, with a flair for airing supplier grievances and … Read more