Toshiba has decided to reduce production of NAND type flash memory by 30% due to an oversupply of the chips and resulted steep price down.
Toshiba is making an “adjustment production” of flash memory chips at its Yokkaichi main factory in Mie Pref., Japan effective July 23rd. Toshiba hopes the move will help to reduce inventory in the market and improve the overall balance between supply and demand. The Japanese company will continue to closely monitor the NAND market and boost production when necessary.
