According to foreign media reports, the current situation of the memory chip market is not optimistic, subject to the global economic recession concerns caused by the slowdown in demand, which has affected the demand for end products, which in turn affects the demand for memory chips, research institutions are expected to NAND flash and DRAM prices are falling, the market oversupply will intensify in the next year.
Memory chip demand slowdown, price decline, will inevitably affect Samsung Electronics, SK Hynix and other memory chip manufacturers, Samsung Electronics is currently the world’s largest memory chip manufacturer, and memory chips are also an important source of revenue and profit for them.
In the decline in demand and prices, product manufacturers usually cut production to reduce inventory pressure, improve supply and demand conditions and thus stabilize prices, but in the case of a decline in demand for memory chips, Samsung Electronics does not intend to cut production.
Samsung Electronics does not intend to cut production, is their executive vice president and global marketing head of the storage business Han Jin-man, in San Jose, California, at a conference, he said they did not have internal discussions on cutting production of memory chips.
Han Jin-man also revealed at the meeting that Samsung Electronics’ basic position on the issue of cutting production of memory chips is that there should be no artificial reduction in production and that Samsung is working to ensure that there is neither a chronic shortage nor an oversupply of chips in the market.
Although Samsung Electronics does not intend to cut the production of memory chips, but the memory chip manufacturer Micron Technology, but there are considerations. Foreign media reports mentioned that Micron Technology has indicated that they may cut capital expenditures for fiscal year 2023 (through the end of September 2023), by up to 30%, and spending on chip equipment, by up to 50%, to slow supply growth.
