South korean chipmaker sk hynix said it had suspended operations at its china plant, which produces around 12 percent of global computer. Sk hynix suspends china memory chip plant due to fire youtube. We maintain our buy and sixmonth forward target price of krw98,000 1. Sk hynix aims to maximize our companys and shareholders value.
Memory chip powerhouse sk hynix is slowing down the pace to ramp up production at its new chinese plant amid mounting concerns over the. Hynixs 3q19 sales and operating profit beat our estimates by. Sk hynix said on september 7 that the company had partially resumed operations at its wuxi, china plant that was damaged in a fire on sepbember 4. Sk hynix, a global semiconductor giant based in south korea, held a ceremony celebrating the completion of an expanded fabrication plant or c2f in wuxi national hitech district on april 18. The south korean company said no casualties were reported from wednesdays fire and it. Massive fire at sk hynix facility in wuxi, china techpowerup. Sk hynix imposes quarantine over coronavirus contact zdnet. Otcpk realtime stock quotes, news and financial information from cnbc. Sk hynix is promoting the construction of power plants near its semiconductor factories as power outages are repeated at semiconductor plants. Sk hynix inc said on sunday it had partially resumed operations at its fireaffected plant in china, which produces half of its computer memory chips, on saturday and plans to restore full.
Sk hynix will hold a completion ceremony for its m15 semiconductor plant in cheongju, north chungcheong province, on october 4 and start producing fifthgeneration 96layer 3d nand flash chips. Sk hynix completes expansion of dram plant in china. Sk hynix new nand flash manufacturing plant to go online. A free inside look at sk hynix salary trends based on 10 salaries wages for 9 jobs at sk hynix. C2f is an expansion of the existing dram production line, c2, in wuxi. Sk hynixs expanded fab in wuxi plant to go into full operation. South korean chipmaker sk hynix said it had suspended operations at its china plant, which produces around 12 percent of global computer memory chips, because of a fire. Sk hynix suspends china memory chip plant due to fire.
Sk hynixs new china plant to stay idle over huawei fallout. Sk hynix promoting power plant construction near chip factories. 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. At this moment, pictures and videos of the fire are swarming through local social networks, and there are no official announcements by either the local authorities, or the company itself. View realtime stock prices and stock quotes for a full financial overview. Sk hynix provides an update on its factory fire in china, with one of the fabs being reopened. Cheongju sk hynix has officially opened a new semiconductor fabrication plant called m15 in the north chungcheong province city, thursday. Reminds me of my youthful experiments in sticking firecrackers down the. Sk hynix ceo lee seokhee gives a welcoming remark during a completion ceremony for the firms c2f plant in wuxi, china, on april 18. The new chip plant is built on a 60,000squaremeter space and the cleanroom space in the plant will produce nand flash memory chips. Sk hynix also improved the read latency, which is of the utmost importance in essd performance. Fire at sk hynix wuxi plant the following is a compilation of three objective analysis alerts sent to our clients on september 4, 5, and 9, 20. A massive fire broke out this afternoon local time, at a sk hynix production facility in wuxi, china. Several major memory suppliers have may have stopped shipments until they know the full extent of the damage to the hynix plants and what effect it will have on the market as a whole, according to reports.
Sk hynix fire not as bad as first thought, one plant reopened. The production portfolio of the fab shall be decided considering future market conditions as well. The company is sampling the product to server and data center clients in the united states. Sk hynix completed the construction of its new dram manufacturing plant in wuxi, china, the chipmaker said thursday. How a littlenoticed factory fire disrupted the global electronics supply. A fire at its plant in wuxi, china, has no material damage to fab equipment and will not impact supply volume, says the south korean. Sk hynix expects to reopen firedamaged plant in china.
Reports fiscal year 2019 and fourth quarter results seoul, january 31, 2020 sk hynix inc. Sk hynix says operations partly resumed at firehit china. Gdr registration sec filings breakout by marketwatch. The companys icheon factory employees some 18,000 workers and is where it makes its highend dram chips. Sk hynix will resume dram production at chinese plant soon. Sk hynix semiconductors memory fabrication plant in wuxi, china was engulfed flames earlier today after a fire swept through the building. View the hxscl report for the companys profitability and securities offered by date. This will further solidify its position as the worlds secondlargest memory semiconductor manufacturer. Its quite the conspiracy fabricate discarding sk hynix wafers to link mu as. Sk hynix halts china plant after fire korea real time wsj. Sk hynix celebrates its female employees at sk hynix, we do technology because we believe that it is the foundation of march 10, 2020. Hynix memory plants on fire after chemical explosion. The expanded fab plant 2 of sk hynix factory in wuxi, china will go into full operation this month. Excellent for ordinary use in appropriate conditions.