Toshiba Cuts Production of NAND Flash Memory Chips
Even the world’s largest companies like Toshiba are cutting cost and production of their products as an effect of the world crisis. Toshiba was reported to cut the production of NAND memory chips, electonic components responsible for data storage in iPods, MP3 players and other digital devices.
To cite the news on Toshiba’s attempt to cut cost and production, please read the article below:
Japan’s Toshiba Corp. said Tuesday that it was slashing its production of NAND flash memory chips — used in iPods and other digital music players — by 30 percent as the economic crisis hits demand.
As well as the cutbacks at its flash memory plant in central Mie Prefecture from January, Toshiba will suspend operations at its other main semiconductor factories for up to 25 days in response to a supply glut.
“Recession in the global economy and the slowdown in consumer spending are having a significant impact on demand for semiconductors,” a company statement said.
“This is particularly notable in NAND flash memories, where decreased demand for applications such as memory cards and MP3 players has generated excess supply,” it added.
Toshiba is a leading manufacturer of the NAND flash memory chips and it has invested heavily in recent years to expand production to meet brisk demand.
But the group, whose interests span electronics and nuclear energy, lost 26.85 billion yen (297 million dollars) in the fiscal second quarter due to falling chip prices and a stronger yen.
Toshiba plans to lay off 160 temporary workers at a factory in the southern island of Kyushu, the Nikkei business daily reported Tuesday.
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