DRAM prices seen rising significantly.
SK Hynix Semiconductor's memory fabrication plant in Wuxi, China was engulfed flames earlier today after a fire swept through the building.
Several major memory suppliers have may have stopped shipments until they know the full extent of the damage to the Hynix plants and what effect it will have on the market as a whole, according to reports. The plant, Hynix FAB C2, was said to be in better condition after the firethan first reported.
The fires have been extinguished, the company said in a statement today.
"At around 16:50 Korean time, a fire occurred during equipment installation but the fire was completely extinguished by 18:20 Korean time," the company said. "We are still investigating the extent of damage, however there was no human casualty with only one minor injury."
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This could have some impact on prices if the damage is severe.
Hynix plant fire leaves memory shipments on hold
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DON'T PANIC says Hynix, China fab explosion is no big deal
Fears that an explosive fire at SK Hynix's Chinese fabs in Wuxi will cause a spike in chip prices are unfounded, says the company.
"Currently, there is no material damage to the fab equipment in the clean room, thus we expect to resume operations in a short time period so that overall production and supply volume would not be materially affected," company representative Seongae Park told Reuters. "In addition, we expect that the majority of damage will be covered through insurance."
According to local media, a chemical explosion ignited a fire in fabs one and two at the Hynix plant in Wuxi during a refit. Hynix has been repurposing the fabs for NAND production instead of DRAM, and reports say the explosion occurred when new equipment was being installed.
Despite some apocalyptic photos from people on the scene, Hynix says the fire was put out in just over two hours and only one person was injured. No date has been given for when production will restart, but analysts are still predicting a spike in prices.
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Fears that an explosive fire at SK Hynix's Chinese fabs in Wuxi will cause a spike in chip prices are unfounded, says the company.
"Currently, there is no material damage to the fab equipment in the clean room, thus we expect to resume operations in a short time period so that overall production and supply volume would not be materially affected," company representative Seongae Park told Reuters. "In addition, we expect that the majority of damage will be covered through insurance."
According to local media, a chemical explosion ignited a fire in fabs one and two at the Hynix plant in Wuxi during a refit. Hynix has been repurposing the fabs for NAND production instead of DRAM, and reports say the explosion occurred when new equipment was being installed.
Despite some apocalyptic photos from people on the scene, Hynix says the fire was put out in just over two hours and only one person was injured. No date has been given for when production will restart, but analysts are still predicting a spike in prices.
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