Samsung
Electronics said it will be able to meet its monthly production
target of semiconductor chips, but it will take around
40 days to fully verify the quality of the affected products,
after a crippling 22-hour power outage last Friday that
cast a shadow on the company''s chip making operations.
Four
memory chip lines 7, 8, 9, 14 and two non-memory chip
lines 6 and S, were halted for as long as 22 hours between
Friday and Saturday as electricity went out at the factory
complex in Giheung, Gyeonggi Province, due to an overheated
transformer unit.
Samsung
had reacted swiftly to fix the power unit and restarted
all the lines by Saturday noon. But it has to wait for
weeks to check whether production has reached normal levels
since semiconductor wafers stay on a line for about 40
days while being processed, it said.
The
firm also said that it would be able to catch up with
its original production schedule this month itself by
increasing production and tightening its quality inspection
procedure.
The firm also opened its high security facilities, usually
closed to outsiders, to reporters on Monday.
When
news of the power failure first broke on Friday, several
stock analysts had predicted that lines would remain ineffective
for weeks and the accident would cost Samsung as much
as 700 billion won, a figure contested by company executives,
who put the losses at no higher than 40 billion won.
Samsung
is covered by a one-year insurance policy with compensation
of up to 5.5 trillion won ($6 billion) sold by Samsung
Fire & Marine Insurance, for which it paid 85 billion
won. But it hasn''t decided whether to request the compensation
because it will increase insurance premiums when the contract
is renewed next year.
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