Hynix Memory plants on fire after chemical explosion
First let's hope there is nobody wounded, at least the first reports claim no-body was killed. With memory prices already jumping up by 10% in the first hour after reports started that Hynix FABs are on fire after a huge chemical explosion. Kitguru reports that these are main factories for nVidia GDDR5. This will have an impact in global memory prices as well as product launches for NVIDIA and memory inventory for the graphics processor giant.
Hynix makes 30% of the world’s memory in this area, and now it will lose half its production, so world production will drop by 15%. The company is ascertaining if there are any casualties and investigating the cause of the fire, which occurred at a plant in Wuxi, China, Son Hee Young, a spokesman of Icheon, South Korea-based SK Hynix, said in an telephone interview. The fire, which started at 3:50 p.m. local time during deployment of equipment, was extinguished by 5:20 p.m., the company said in a statement today.
Photo courtesy goes to kitGuru.