Coronavirus: price increase in ssd / ram and there will be a shortage of material

The coronavirus spreads wherever it goes, claiming lives and causing a really big economic impact. Both workers and companies are suffering the consequences of quarantines: some cannot work and others cannot produce. In this way, there is a shortage of brutal material, which makes the current stock more expensive.

Coronavirus impacts Asia and causes price increases

China is the country that is suffering the most from this virus, territory where many factories dedicated to the manufacture of SSD and RAM memory reside. However, South Korea is another of the nations with the most prominence in this area, which is affected by the same virus.

In fact, in South Korea more than 800 people are affected, which has caused the country to establish many quarantined areas. Recently, we were informed that the same was being done in northern Italy, making it clear that the concern is evident.

For dessert, from China they point out that this has only just begun, so anything can happen. Due to quarantines, access to multiple areas of the world has been closed, and memory factories were no exception. Furthermore, when the virus is everywhere in Asia.

This Friday the United States Center for Disease Control raised the alarm by claiming that the coronavirus can easily become a pandemic. In China, holidays for the new lunar year were extended by the Chinese government in key regions such as Shandong province.

These holidays are over and in Japan the estimate has been made that in China 25% of workers will return to work, forcibly (according to Nomura). This has several consequences:

That workers are exposed to infection, that factories are closed or closed, drastic GDP reduction.

Worse situation arises according to Nikkei Asian Review: 85% of Chinese small and medium enterprises will run out of money in 3 months.

Therefore, it is normal for the coronavirus (or COVID-19) to cause a price increase in memories and hard drives because it is not occurring at normal levels, since many areas are in quarantine. This means that production is stopped. We have been seeing this price rise since January.

Samsung and Apple are not spared

In the case of the South Korean giant, it has been affected by a coronavirus infection at its smartphone factory, southeast of Gumi. This has caused Samsung to close all its facilities. As the leading memory maker, we may well see a price rise.

On the other hand, Apple is also concerned that its main supplier, SK Hynix, has also been the victim of another coronavirus infection. Because of this, SK has been forced to shut down for many weeks to prevent this virus from spreading throughout its facilities.

The sad thing about all this is that not only technology companies are affected by this virus, but there are companies around the world that are facing these problems in their facilities and offices. So far, in Italy and South Korea they have adopted the same protocol.

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Finally, mention that the stock market of the main countries were not going to be an exception to this whole movement. In recent months we have been seeing declines of up to 4 points on Asian exchanges. It may be a good time for some to invest, but for others it may be a catastrophe. As you know, it doesn't rain to everyone's liking.

From Professional Review we express our latent concern about the coronavirus and we want to send all our support to those affected. We hope that all this goes down in history and that it is eradicated quickly to return to normality as soon as possible.

We recommend the best RAM memory on the market

Do you think that prices will rise much more? Do you consider that this has only just begun?

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