Skip to content
Subscriber Only

Apple Supplier Fire Spurs Biggest Chip Price Rise in 3 Years

Prices for memory chips used in smartphones and personal computers surged 19 percent, the most in three years, as SK Hynix Inc. suspended operations in China after a factory fire. Shares of the Apple Inc. supplier fell.

The blaze occurred Sept. 4 during the installation of equipment at a factory in Wuxi, China, manufacturing dynamic random-access memory chips for SK Hynix, the world’s second-largest maker. The fire burned for about 90 minutes, the Icheon, South Korea-based company said. One person suffered minor injuries.