The decision by Samsung Electronics to cut chip production has reverberated throughout the industry with the share prices of the company and competitors rallying on the news.
Samsung Electronics is cutting production more noticeably in the first quarter due to a severe supply glut and mounting inventory levels, according to market analysts.
SK hynix reported lower-than-expected earnings in the third quarter due to sluggish demand for chips and announced a plan to cut production to cope with the memory supply glut.
Korea JoongAng Daily Sitemap