Tech giant Samsung Electronics Co Ltd said a power supply disruption at its China memory chip plant will have minimal market impact, with full-scale operations expected to resume in a few days.
Samsung, the world’s No. 1 memory chip maker, said production at the plant in Xian that makes 3D NAND memory chips was disrupted by a power outage on June 18.
The chips have helped Samsung assume a dominant position in higher-margin products such as solid-state hard drives for computers and servers. The company said less than 10,000 wafers were affected by the disruption.
“We expect normal operation to resume at full scale in a few days,” Samsung said in a statement.
“The effect on the market will be insignificant.”
Mirae Asset Daewoo Securities brokerage said in a report the incident would not have a material impact on Samsung’s business, estimating the worst-case scenario was a loss of up to 20 billion won ($17.10 million).