Taiwan's DRAM chip suppliers have paid much attention to the active transaction in the spot market over the past two days, pinning their hopes on an early recovery. The cash-strapped chipmakers expect the spot price of DDR2 1Gb eTT chips to continue its rally to approach to the cost level of US$1.5, according to industry sources.

The spot price of DDR2 1Gb eTT chips soared over 6% to close at US$1.2 yesterday, following a price increase of 7% on April 15, according to DRAMeXchange. The price continued its rally to US$1.21 as of 2:30 pm (Taiwan time) today. DRAMeXchange has estimated that DDR2 contract prices are likely to rise 15-20% sequentially in the second quarter of 2009.