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Toshiba cuts NAND flash production by 30%

Posted: 25 Jul 2012     Print Version  Bookmark and Share

Keywords:NAND flash  memory chips  USB  memory cards 

Japanese chipmaker Toshiba Corporation said it plans to cut production of NAND flash memory chips used in smartphones and tablets by 30 per cent, to cope with oversupply and decrease in prices.

In order to balance out supply and demand, the company will reduce production at its Yokkaichi Operation plant in Mie Prefecture, Japan.

"Oversupply of NAND flash memory in the retail market, for application in USB memories and memory cards, has resulted in continual price declines since the beginning of this year," the company said in a statement.

"This move will help to reduce inventory in the market and improve the overall balance between supply and demand."

The high growth rates are forecast for PCs and Smartphones, the drivers of global market demand of NAND flash memory, and the supply and demand balance is expected to improve in the current quarter, from July to September, said the company.

The world's second largest NAND chip maker also said it will continue to closely monitor the NAND market and re-examine production at Yokkaichi as necessary.

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