Samsung is set to continue chip production cuts in Q3 2023 to narrow down its chip losses. Learn more about it here.
the world’s largest chipmaker, is set to continue chip production cuts in Q3 2023 to narrow down its chip losses. The company began reducing chip output earlier this year, following the lead of its peers, SK Hynix Inc. and Micron Technology, to resolve a persistent supply glut.
This is due to the increased chip production cuts that Samsung has implemented since the second half, with DRAM cuts now at 30% and NAND Flash cuts at 40%, up from 20% and 30%, respectively, in Q1. However, the analyst believes that Samsung’s production cuts, particularly the 50% cut for NAND Flash, could have a ripple effect and lead to a price uplift for their primary products.
All in all, Samsung’s efforts to reduce chip production are expected to narrow its chip deficit in Q3, potentially leading to improved chip prices and demand. However, the impact may vary depending on production costs and market dynamics.Samsung Galaxy S24 Plus Also Surfaces In Leaked Renders Revealing A Boxy Design, UWB AntennaGizmochina brings you the best of Chinese Tech from emerging smartphone companies, innovative startups, to crazy smart home products and revolutionary technologies.
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