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Flash memory price drop forces Toshiba to cut production 30%
Toshiba will pare flash memory production 30 percent due to an oversupply of the chips used in smartphones, tablets, and PCs.
Effective today, Toshiba is making an "adjustment to production" of NAND flash memory at its Yokkaichi Operation plant in Mie Prefecture, Japan, resulting in output cut of approximately 30 percent, the company announced.
"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," Toshiba said.
Toshiba hopes the move will help to reduce inventory in the … Read more
