🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Samsung, Micron warn China's Xian lockdown could disrupt memory chip manufacturing

Published 12/29/2021, 10:05 PM
Updated 12/30/2021, 07:15 AM
© Reuters. FILE PHOTO: The logo of Samsung Electronic is seen at its headquarters in Seoul, South Korea, April 4, 2016. REUTERS/Kim Hong-Ji/File Photo
MU
-
005930
-
SSNLF
-

By Joyce Lee and Manya Saini

(Reuters) -Samsung Electronics and Micron Technology (NASDAQ:MU), two of the world's largest memory chip makers, warned that strict COVID-19 curbs in the Chinese city of Xian could disrupt their chip manufacturing bases in the area.

The lockdown in the city puts further pressure on global supply chains and adds to a torturous year for exporters facing sharply higher freight costs even as prices for raw materials including semiconductors skyrocket amid the two-year long pandemic.

The curbs could cause delays in the supply of DRAM memory chips, widely used in data centres, Micron said on Wednesday.

The stringent restrictions, which went into effect earlier this month, may be increasingly difficult to mitigate and have resulted in thinner staffing levels at the manufacturing site, Micron added.

Samsung Electronics (OTC:SSNLF) also said on Wednesday that it would temporarily adjust operations at its Xian manufacturing facilities for NAND flash memory chips, used for data storage in data centres, smartphones and other tech gadgets.

Samsung (KS:005930)'s Xian semiconductor facility is currently operating normally, Chinese media group Yicai reported on Thursday. Analysis provider TrendForce also said Samsung's Xian plant is manufacturing without significant disruptions for now and supply of raw materials seems sufficient, but there may be a slight decline in output if the pandemic is not controlled.

"The impact on global supply is controllable, though there are uncertainties," said Yan Chengyin, consultant and manager at Beijing-based Bayes Consulting.

"The uncertainty is how soon the spread of the virus can be stopped and factories can return to work as normal. In our experience, clusters of cases will be under control very soon in China. Also I think the local government will try to support large foreign companies like Samsung."

Seoul-based analysts said chips made in Samsung's Xian NAND plant mainly go to China with limited shipments heading overseas. Some of the biggest demand for the kind of chips made in the plant come from Chinese server companies, they added.

TrendForce said on that smartphone and notebook computer makers may be directly impacted by any changes in operations at the Xian production base, but noted that Samsung's relatively high inventory level can supply buyers without any snags in the short run.

Chinese officials have imposed tough curbs on travel within and leaving Xian from Dec. 23, in line with Beijing's drive to immediately contain outbreaks as they appear.

The COVID-19 outbreak in Xian is the biggest seen by any Chinese city this year, with over 1,100 cases in total during the latest flare-up.

"We are tapping our global supply chain, including our subcontractor partners, to help service our customers for these DRAM products," Micron said in a blog post https://www.micron.com/about/blog/2021/december/micron-statement-on-current-situation-in-xi-an-china.

"We project that these efforts will allow us to meet most of our customer demand, however there may be some near-term delays as we activate our network," the company said.

Micron added that it was working to minimize the risk of virus transmission and had employed measures including physical distancing and on-site testing and was encouraging vaccination.

© Reuters. FILE PHOTO: Workers in protective suits stand at an entrance to a university's residential area under lockdown following the coronavirus disease (COVID-19) outbreak in Xian, Shaanxi province, China December 20, 2021. China Daily via REUTERS/File Photo

Samsung's memory chip operation in Xian is one of the largest foreign projects in China. The tech giant has two production lines in Xian making advanced NAND Flash products, which account for 42.5% of its total NAND flash memory production capacity and 15.3% of the overall global output capacity, according to TrendForce.

Samsung is expected to announce October-December earnings results in January.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.