Market Overview

SK Hynix Resumes Operations in Fab in Wuxi, China

Related HXSCL
Industry Sources Say NAND Flash Chip Prices to Rise in H2 2014 -Digitimes
Digitimes Reports Micron, SK Hynix interested in investing in Silicon Motion Technology, Other Taiwan SSD Controller IC Designers
Related MU
Summit Research Sees 'Tailwinds Galore' For Micron Technology
Needham's Top Stock Picks For 2015
Making Money With Charles Payne: 11/19/14 (Fox Business)

SK Hynix (OTC: HXSCL) issued the following statement on Saturday

Please be informed that the line which was not affected by the fire in our fab in Wuxi, China has resumed operations from Saturday, September 7, 2013 after completing all safety inspections. We are continuing our inspection of utilities and equipments to restore the line that was partly damaged by the fire under the cooperation of the Chinese government.

Further, we have dispatched many experts from our headquarters and established a 24 hour restoration system with partner companies. Our plan is to resume normal operations with full production capacity in the shortest time by ramping up operations in stages as soon as the damaged facilities are replaced. We will continue to make every effort to minimize the impact on supply with our inventories of finished products and completely processed wafers as well as production support from our headquarters. Once again, we will make our most concerted efforts and concentrate our capabilities to restore the production line and minimize the impact caused by the incident.

Posted-In: News Events Global Movers Tech

 

Related Articles (MU + HXSCL)

Around the Web, We're Loving...

Get Benzinga's Newsletters