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Edition: U.S. Article Comments (0) Email Print Reprints Follow Reuters Analyst Research Report Title Price Thomson Reuters Stock Report - HYNIX SEMICONDUCTOR INCORPORATED (000660-SE) Provider: Thomson Reuters Stock Report $30.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Asian techs rally on recovery hopes; Apple impact eyed Tweet This Share on LinkedIn Share on Facebook By Miyoung Kim SEOUL (Reuters) - Asian technology shares gained, helped by hopes of a recovery in battered chip prices and expectations that nimble Asian firms may slow the runaway success of Apple Inc after news CEO Steve Jobs was taking medical... Related News Seoul shares advance, led by chipmakers, refiners Mon, Jan 17 2011 UPDATE 9-Apple's Jobs takes 3rd medical leave, stock slumps Mon, Jan 17 2011 Apple COO Cook steps up, again Mon, Jan 17 2011 Timeline: Apple milestones and product introductions Mon, Jan 17 2011 Timeline: Key dates in health problems of Steve Jobs Mon, Jan 17 2011 Analysis & Opinion Top 10 tech investing trends for 2011 Related Topics Technology » Hot Stocks » Asian Markets » Media » iPad » Stocks By Miyoung Kim SEOUL | Tue Jan 18, 2011 1:03am EST SEOUL (Reuters) - Asian technology shares gained, helped by hopes of a recovery in battered chip prices and expectations that nimble Asian firms may slow the runaway success of Apple Inc after news CEO Steve Jobs was taking medical leave. Shares of Samsung Electronics Co, the world's top memory chipmaker and No.2 handset vendor, jumped 3.3 percent on Tuesday to record highs and second-ranked memory chip maker Hynix Semiconductor rose 4.3 percent on hopes of a rebound in computer memory chips. In Japan, Elpida Memory rose 2.9 percent and Taiwan's Powerchip rose 3 percent. They were also buoyed by prospects of solid NAND-type flash memory chip sales, as a slew of Asian firms launch copycat mobile products that use flash chips to store data, benefiting key producers such as Samsung, Hynix and Toshiba. Deemed irreplaceable by many Apple fans and investors, pancreatic cancer survivor Jobs said on Monday he would take medical leave, for the third time since 2004. The announcement, which came just a day ahead of the company's quarterly results, did not specify why or for how long he would be absent, unlike the previous one. The announcement revived concerns over the long-term future of Apple, sending its shares tumbling close to 10 percent, although Jobs said Chief Operating Officer Tim Cook would take responsibility for day-to-day operations once again. APPLE IMPACT The impact of the Apple news could be mixed on the Asian technology sector. Many firms, including Taiwan-based Hon Hai, South Korea's LG Display and even Apple's emerging rival Samsung depend on the iPhone and iPad maker by manufacturing the hot selling devices and by supplying display, chips, phone cases and other accessories. But analysts said the impact on Apple's operations and its Asian rivals and partners should be limited in the short term, since its product line-up was strong, although his absence would be a worry if it became prolonged. Cook ran day-to-day operations during Jobs' last absence in 2009. "Apple's roadmap is all set and its iPhone 5 is ready to go, leaving little room for competitors to cut into its share," said Bonnie Chang, an analyst at Yuanta Securities. "HTC may have to design more cutting-edged high-end products, but its roadmap for this year has already been laid out, it may have to wait till H2 if it wanted to do anything." Shares in Hon Hai, which counts Apple as its major client, fell 0.4 percent and LG Display rose 1 percent, while smartphone maker HTC was unchanged. ANDROID CHALLENGE Jobs' latest medical leave also comes at a time when it faces the biggest threat from Google, through its Android mobile operating system, which has seen torrid growth as preferred choice of both iPhone and iPad rivals. Samsung, at the forefront of the long queue of rivals determined to halt Apple's stunning run of success, appears to remain a key threat. 1 2 Next Technology Hot Stocks Asian Markets Media iPad We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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