SanDisk (SNDK) Reports No Injuries, Set-Backs Following Japan Earthquake

March 14, 2011 7:15 AM EDT

SanDisk Corporation (Nasdaq: SNDK) has made the following statement regarding the earthquake in Japan late last week:

“The epicenter of the powerful earthquake was approximately 500 miles from Yokkaichi, Mie Prefecture, Japan, the location of the two Toshiba-SanDisk joint-venture semiconductor manufacturing plants, Fab 3 and Fab 4. Both fabs were down for a short period of time due to the earthquake and were back up and operational as of Friday morning, Pacific Time. There were no injuries to SanDisk employees based in Japan. SanDisk’s current assessment is that there has been minimal immediate impact on wafer output due to the earthquake. SanDisk continues to assess the situation for any potential future impact that may arise from issues related to Japanese infrastructure and the supply chain.”

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