Samsung cuts memory production

Rivals Hynix and Micron have both slashed production.

Samsung did not say whether it was reducing memory capex.

Hynix has cut its capex by 50% and Micron by 30%.

Samsung’s move follows a 96% fall in Q1 profits with an estimated $1.6 billion loss for its chip unit.

View more : IGBT modules | LCD displays | electronic components