Hynix DDR memory plants in fire after chemical explosion, market in panic

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Yesterday two of Hynix DDR memory plants burned in fire due to chemical explosion.

Hynix is producing 25% of world DDR memory supply, the prices of DDR memory rised with 10% in the first hour after the news and rise with another 10% later yesterday.

So 20% was seen just in the first day after the explosion, although these two factories produce about 10% of world memory supply.

All dealers stopped sales waiting the situation to calm down.

These factories were the only source for GDDR5 memories for nVidia and AMD, so what will happend to the prices of the graphics cards is yet to be seen.

How does this affect OLinuXino? For the moment no affect as we have DDR in stock and can wait to see what will happen with the prices in the next months.

Before this explosion the DDR3 memory prices already were two times more expensive than 8 months ago (Dec 2012 was their pick low when several DDR manufacturers went in bancrupcy and closed factories), so going up for long term period is unlikely, but market speculators wait for situations like this to make quick profit.