US ATTACK: Terror attacks halt chip trading in the U.S.

Trading in memory chips in the U.S. came to a halt Tuesday as the country reeled from a series of deadly terrorist attacks in New York City and Washington, D.C., according to Steve Tan, a DRAM (dynamic random access memory) analyst with market research company Independent Commodity Information Services - London Oil Reports (ICIS-LOR) in Singapore.

The suspension of chip trading came as U.S. skies were closed to commercial traffic, temporarily blocking imports of memory chips, which are generally brought into the country on cargo flights, and raising the possibility of higher memory prices.

"The (memory-chip) market is sort of stopped for the moment," Tan said.

The ban on air cargo flights to the U.S., and its effect on memory-chip imports, could cause memory-chip prices to rise in the U.S. over the short term, Tan said. At the same time, memory prices could drop in Asia and Europe as a result of excess supply. For now though, Tan sees a marked shift in memory prices as unlikely to take place.

"It's going to be very quiet over the next few days," he said.

The ultimate impact on memory prices will depend on how long the ban on flights to the U.S. lasts. For its part, U.S.-based express courier Federal Express Corp. announced in a statement that all of its flights to the U.S. had been cancelled. The company estimated that deliveries to the U.S. were likely to be delayed between 24 and 48 hours as a result of the ban on commercial air traffic once shipments resumed, but could not predict when that would happen.

A Taipei-based customer-service representative for express courier DHL International Ltd. said the company had cancelled its flights to the U.S. The company was unable to predict when normal shipments would resume.

Citing speculation among memory makers, Tan said the ban on air shipments is expected to be lifted by Friday. "But you never know."

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Sumner Lemon

Computerworld
Show Comments

Essentials

Mobile

Sansai 6-Outlet Power Board + 4-Port USB Charging Station

Learn more >

Victorinox Werks Professional Executive 17 Laptop Case

Learn more >

Exec

Budget

Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?