World DRAM prices are set to rocket as news comes in that Hynix FABs 1 and 2 have been engulfed in a ball of flame following a huge chemical explosion.

UPDATE: We have just heard that several major memory suppliers have stopped shipments – read more here.

Reports are still coming in, but the effects are immediate – with memory prices already shooting up by 10% in the first hour after reports started.

This is one of the main factories for nVidia GDDR5 we are told, so expect a major issue for the green team with production and pricing. That said, As nVidia begin to switch to other sources, so AMD’s price for Radeon RAM will also jump up.

Hynix makes 30% of the world’s memory in this area, and now it will lose half its production, so world production will drop by 15%.

All figures are approximate – we are getting news/images in from our Far East sources as we type. Without actually being at the plant, there is no way we can verify that these shots are of the Hynix fire itself, but we are seeing the same unattributed shots across a load of technology and general news sites in the region.

KitGuru says: We’re thankful that no one was killed, but pricing will be crazy now that 15% of the world’s production has been switched off indefinitely.

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