Memory chip prices increases in aftermath of Japan's quake

Prices for DRAM and NAND flash memory chips shot up Monday in the wake of Japan's earthquake and tsunami as markets displayed concern over fabrication plant shutdowns, power outages and supply chain shortages.

Spot prices for DRAM surged by as much as 7.56% and by as much as 20.48% for NAND flash memory chips, according to DRAM Exchange.

Japan accounts for 35.7% of the world's NAND flash production and 13.6% of DRAM, according to DRAMExchange's parent company, TrendForce.