Prices are expected to continue to rise as SK Hynix works to repair FAB factory in Wuxi.
The fire that damaged SK Hynix Semiconductor's FAB plant lasted almost two hours. The Wuxi facility accounts for 10% of the world's DRAM production and produces almost half of the 260,000 memory wafers Hynix makes every month, according to TrendForce.
The price of 2Gbit DRAM chips, commonly used in desktop and laptop memory modules, has passed the $2 mark, representing a 27.6% increase since the fire, said Avril Wu, an analyst at DRAMeXchange.
"Based on our current evaluation, this fire is going to impact supply sharply. Therefore, the price of both spot price and contract price is likely to keep going up," Wu said.