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- 4DS Memory (4DS) says its Silicon Valley staff can’t reach work facilities due to the COVID-19 lockdown
- An order from San Francisco Bay area health authorities has told residents to stay home for three weeks
- Due to this, 4DS will not meet the previously estimated production timeline for its IMEC wafers, which was set out in the company’s quarterly activities update
- The company said it will update the market once a new timetable is clear
- 4DS is down 9.76 per cent on the market this morning and is selling shares for 3.7¢ apiece
4DS Memory (4DS) has announced its Silicon Valley staff can’t reach facilities due to lockdown.
An order from San Francisco Bay area health authorities has told residents to stay home for three weeks. This has effectively locked down Silicon Valley.
This lockdown limits activity, travel and business functions to only the most essential needs. The aim of the lockdown is to slow down the transmission of the coronavirus (COVID-19).
Due to this, 4DS will not meet the previously estimated production timeline for its IMEC wafers, which was set out in the company’s quarterly activities update.
A wafer is a thin piece of semiconductor material, usually crystalline silicon, in the shape of a very thin disc that is used as a base for fabricating electronic integrated circuits (ICs) and silicon-based photovoltaic cells.
“4DS’ technical team will not be able to access the company’s facilities and equipment in Fremont, and thus 4DS will not meet the previously estimated timing for analysis of IMEC wafers as set out in the company’s quarterly activities update,” 4DS told the market.
The lockdown will begin at midnight on March 17 (West Coast time USA).
The company said it will update the market once a new timetable is clear.
4DS is down 9.76 per cent on the market this morning and is selling shares for 3.7¢ apiece at 11:15 am AEDT.
