According to a report from Bloomberg, SK Hynix accident involving large fire that hit its production facility in Wuxi, China is not as bad as local media were reporting and that Hynix expects to be back to full operation in short time.

Although the facility was indeed on fire and certainly suffered a big damage, according to a report and SK Hynix, it is not a huge catastrophe and that there is no material damage to the fab equipment in the clear room and full operations are expected to resume "in short time". Apparently the fire was concentrated in one of the air-purification facilities.

The accident kicked off major market speculations that most DRAM and NAND prices will rise dramatically but SK Hynix noted that supply will only be affected as long as they have to be shut down to fix the fire damage and should be up and running in no time.





Source: Bloomberg.com.