SK Hynix, Samsung to cut legacy DRAM output as Chinese firms catch up

Quick Summary:

During its earnings conference call with analysts on Thursday, Samsung executives said the company plans to slash its production of legacy DRAM and NAND flash chips, confirming market talk that chipmakers are cutting down on conventional memory chips.“We are adjusting production volumes downward for general-purpose DRAM and NAND flash in line with falling market demand,” said Kim Jae-joon, executive vice president of Samsung’s device solutions (DS) division, at the call.

South Korea’s two leading memory chipmakers – Samsung Electronics Co.and SK Hynix Inc.– are moving to significantly reduce their production of legacy memory chips, particularly DRAM, amid falling prices caused by increased volumes from Chinese companies.

According to industry sources on Friday, SK Hynix said in a recent investor relations session with Goldman Sachs that it plans to lower its DDR4 DRAM chip production to 20% of its entire DRAM output by the end of the year from 30% at the end of September and 40% at the end of June.

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Article Details

Category: Economy

Markets: South KoreaChina

Topics: Chips Dram Market Memory Samsung Plans Production Products Hynix Global Chipmakers

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 18:02:38 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 811 words

Reading Time: 5 minutes read

Sentences: 33 lines

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Copyright Owner: © Korea Economic Daily

News ID: 23362930

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