DigiTimes reports pricing of DRAM memory chips shot up substantially after news hit the wire about a fire at SK Hynix' plant in Wuxi, China. Spot prices for 2Gb DDR3 chips rose almost 20 percent on September 5 while those for 4Gb parts grew over 10 percent, according to data collected by DRAMeXchange.
SK Hynix is the world's second-largest DRAM supplier. The firm grabbed a 30% share of the global DRAM market in the second quarter of 2013, according to DRAMeXchange.
An fire broke out at SK Hynix' production facility in Wuxi, China on the afternoon of September 4. The fire was put out in about 90 minutes, and one minor injury was reported. Production at the affected facility has been halted.