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COVID-19 outbreak hits South Korean businesses
The COVID-19 outbreak in South Korea has led to factory shutdowns at Samsung and SK Hynix. This could cause supply disruptions and increased memory prices.
Samsung Electronics recently confirmed its first COVID-19 case at its smartphone factory in Gumi, a city in southeastern South Korea. As a result, the tech giant decided to temporarily shut down the entire facility for quarantine.
On Thursday, another infection was confirmed at an SK Hynix facility in Incheon, a northern city. SK Hynix is a key supplier of RAM and solid-state memory for Apple. To prevent further spread, the company closed the affected facility for several weeks as a precautionary measure.
⤢ ВІДКРИТИMany companies worldwide are already grappling with significant issues, as factory expansions in China have stalled and global supply chains have severely slowed. Now, it appears South Korea could be facing a similar scenario.
With COVID-19 (the official name for coronavirus) now impacting Samsung Electronics and SK Hynix facilities, we could soon see a jump in prices for RAM, solid-state memory, and products utilizing these components.
Source: WccfTech
