Seoul, July 4 -- Samsung Electronics is reportedly planning to raise DRAM prices by about 20 per cent in the third quarter and has verbally notified some customers of the plan, the Korea Herald reported on Saturday, citing a report by a Chinese media outlet that quoted industry sources.

An executive at a Chinese electronics manufacturer told the outlet that the company had discussed the matter with Samsung last month and had already received verbal notice of the planned price increase.

The executive confirmed the move, saying higher DRAM prices could eventually lead to price increases for electronic products.

Another industry source also told the outlet that Samsung had verbally informed some customers of the planned increase.

Samsung...