After Micron announced its financial results and a 30% cut in capital expenditure for next year, as well as a halving of investment in chip packaging equipment, Kioxia, another major chip maker, has also taken a stand. According to media reports, Kioxia has decided to reduce its 3D NAND production in Yokkaichi and Kitakyushu due to high inflation, the macroeconomic downturn and some geopolitical events that have slowed demand for PCs and other electronic devices.
The report said that the said adjustment will be implemented from tomorrow and the 3D NAND wafer capacity of the relevant factories will be cut by up to 30%.
Earlier, Micron also slowed down the pace of mass production of 232-layer NAND chips.
The latest report from statistical agency TrendForce points out that the agreed price of 3D TLC/QLC chips fell by 30-35% in the current quarter and is expected to fall by another 20-25% in the fourth quarter.
It remains to be seen whether the adjustments to flash production by the two major particle originators will curb the momentum of SSDs whose prices continue to dive.
