Kioxia's gonna cut the flash memory by 30% -- it's a signal for the whole industry to fall

Kioxia's gonna cut the flash memory by 30% -- it's a signal for the whole industry to fall

The Japanese company Kioxia reported that in October it would reduce by 30% the supply of plates for its factories in Yokkaiti and Kitakami, which produce memory chips, so the manufacturer will correct the amount of memory output, which is a necessary measure to reduce world demand for electronics. A similar decision was recently taken by Mikron, and this is a truly alarming signal.

The company added, among other things, that it has confidence in medium- and long-term growth prospects in the flash memory market.

The company Microsoft Technology, a direct rival to the Japanese manufacturer, announced last Thursday that in the new fiscal year due to the fall in demand for PCs and smartphones, it would cut its investment plans by 30%, as well as its investment in production by 50%.

The Japanese economy was hit by the fall in global demand for electronics, and the previous day, the Government reported that the production of electronic components and finished devices had fallen by 6.3 per cent in monthly terms, primarily due to a decline in the production of memory chips.