Kioxia Slashes 3D NAND Production as SSD Sales Plummet
Kioxia said it would cut down production of 3D NAND memory at its fabs located at its Yokkaichi and Kitakami sites. Demand for PCs and many other devices is slowing due to high inflation rates, geopolitical tensions, and macroeconomic factors, producers of commodities like 3D NAND want to reduce inventories and avoid oversupply, so they have to cut down production. Kioxia said it would reduce its wafer starts by approximately 30%, starting from tomorrow. However, a 30% reduction of wafer starts does not automatically…