Fab fire sends Micron, SanDisk sharply higher

|About: Micron Technology Inc. (MU)|By:, SA News Editor

A massive fire (picture here) at a SK Hynix production facility in China is likely to cause NAND/DRAM shortages just as the peak pre-holiday production period gets ready to start.

Micron (MU) +6.2%, SanDisk (SNDK) +3.5% premarket.

One report says 15% of worldwide NAND/DRAM production occurs at this plant.