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SK Hynix halts production after fire
South Korean Hynix – the memory-chip maker – has halted production at its factory in China after a fire broke out.
The company is still determining if there are any casualties - as well as determining the cause of the accident, which occurred during deployment of equipment at the facility in Wuxi, China, according to Businessweek.
The fire broke out at 03:50 p.m (local time) and was extinguished by 5:20 p.m
SK Hynix holds a market share of 25% - 30% of the DRAM market – and what potential implications the fire might have caused the company and the industry is still unknown.
