2008 Crisis

Amid the ongoing funding crunch, Indian startups are cutting their spends on cloud storage and renegotiating contracts with service providers like Amazon’s AWS. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Online gaming companies say TDS will cut rows, compliance load■ For cloud kitchens, pandemic-driven sheen fades away■ What the IT sector can learn from 2008 crisis?Cloud service providers see a price war as startups renegotiate contracts The slowdown in global macroeconomic conditions and…

The memory chip industry is going through a historic decline in demand, with two of the worst quarterly drops on record at the end of last year.The average price for DRAM, the memory used to power phones and PCs, plummeted by 34.4% in the fourth quarter, exacerbating a 31.4% fall in the quarter before it, according to the latest figures from TrendForce. Storage memory (NAND), which is the main product sold to data centers and enterprise customers, fared only slightly better — and the two periods rank among the worst…