Toshiba Corp. said Tuesday it has slashed production of NAND flash memory for use in USB drives and memory cards by about 30 percent at its plant in Yokkaichi, Mie Prefecture. It’s the first output cut for the device in about three years.
The electronics maker aims to work off inventory and see a recovery in the market amid falling prices for the memory devices due to oversupply.
Toshiba last reduced production of NAND flash memories after the 2009 financial crisis touched off a global economic downturn.
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Toshiba Corp. said Tuesday it has slashed production of NAND flash memory for use in USB drives and memory cards by about 30 percent at its plant in Yokkaichi, Mie Prefecture. It’s the first output cut for the device in about three years.
The electronics maker aims to work off inventory and see a recovery in the market amid falling prices for the memory devices due to oversupply.
Toshiba last reduced production of NAND flash memories after the 2009 financial crisis touched off a global economic downturn.
Continue Reading