Samsung (SSNLF.PK) has decided to pull in a new NAND flash memory fab, Cowen reports. SanDisk (SNDK +1.8%) and Micron (MU +2.5%), whose shares have already rallied on expectations of a favorable memory supply/demand balance, are outperforming today. The opposite holds for some chip equipment makers: AMAT -1.9%. KLAC -0.6%. LRCX -1.5% in spite of BofA/Merrill's 2-notch upgrade to Buy. The firm expects an up cycle in 2014 (Gartner seems to agree), fueled by higher memory spend and the adoption of technologies such as 3D NAND and FinFET (3D) transistors. CLSA upgraded Lam yesterday.