Getting your Trinity Audio player ready...
July 24 (Reuters) – Toshiba Corp plans to reduce
production of NAND flash memory by 30 percent, its first cutback
since 2009, Japanese business daily Nikkei reported.
Toshiba will start cutting output at its Yokkaichi plant in
Mie Prefecture as early as this month, the paper said.
Demand for flash memory used in USB drives and SD cards has
shrunk as the global economy slows, leading to increasing
inventories and falling prices.
Chipmakers like SanDisk Corp, Micron Technology Inc
, Elpida Memory Inc, SK Hynix and
Samsung Electronics Co Ltd all ramped up their NAND
production capacity in a buoyant market for smartphones and
tablets, but a glut in supply drove prices to new lows.
