Chip Prices Reach Two-Year High After SK Hynix Fire in China
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Smartphone and computer makers face higher costs for a key component as memory-chip prices surged 42 percent, reaching the highest in more than two years, following a fire at an SK Hynix Inc. plant in China.
The price of the benchmark DDR3 2-gigabit dynamic random-access memory chip reached $2.27 yesterday, compared with $1.60 on Sept. 4, when a fire forced the closing of SK Hynix’s factory in Wuxi, according to DRAMeXchange, Asia’s largest market for the components. Icheon, South Korea-based SK Hynix expects to resume production on the fire-hit line next month.