- CNTV English - CCTV News

Flash memory chip prices up after Japan quakes

03-15-2011 13:48 BJT Special Report:9.0 Magnitude Earthquake Rocks Japan |

Watch Video

Play Video

Japan's northeast, a large production base for electronic products, has been most seriously hit by the catastrophic earthquake and tsunami. Many big names - including the likes of Sony and Toshiba - have already halted production. And the biggest impact is on the market for flash memory chips, which are at the heart of many electronic devices.

Toshiba is the world's second-largest flash memory chip maker, accounting for more than one-third of the global memory chip market. Two of its major plants are located in the area most affected by the disaster. Due to the production halt, prices of memory chips have already seen increases.

Mr. Huang one retailer said "Flash memory chip prices rose shortly after the earthquake occurred. These products are in short supply."

It's hard to say to what extent Toshiba has been impacted at present. But industry insiders point out the earthquake will certainly cause an imbalance between demand and supply in the short term. Some retailers are already starting to hoard stock.

Wu Bo, Department Director of HCSINDEX said "Some retailers aren't selling flash memory chips. It's also the same with Taiwan retailers."

The memory chips are used in just about every electronic gadget, from smartphones to tablet computers like the iPad.

Samsung and Toshiba, along with two other companies, take up 80 percent of the global memory chip market. Flash memory prices tripled in 2007 as a power cut caused Samsung plants to stop production for two weeks.

But, experts say market speculation is also behind the price fluctuations.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program