Japan’s Kioxia Corp said it would slash wafer input volume for chip production by about 30 percent at its Yokkaichi and Kitakami flash memory plants from October amid weakening global demand for electronic devices.
Kioxia will review and adjust operations as needed. Kioxia said it remained confident in the mid- to long-term growth outlook for the flash memory market.
Kioxia operates the Yokkaichi and Kitakami plants jointly with Western Digital. The plants are in central and northern Japan, respectively.
Rival memory chipmaker Micron Technology said it was cutting its investment plans by 30 percent amid a fall in demand for PCs and smartphones and reducing investment in fabrication by 50 percent in the new fiscal year.
Weakening global demand for electronic devices is hitting Japan. The country’s output of electronic parts and devices in August fell 6.3 percent from the prior month largely due to falling memory chip production, the government said on Friday.
