Japan’s Kioxia to cut wafer input volume for flash chip production by 30% at two plants

TOKYO -Japan’s Kioxia Corp said on Friday it would slash wafer input volume for chip production by about 30% at its Yokkaichi and Kitakami flash memory plants from October amid weakening global demand for electronic devices.

“The company will continue to review and adjust operations as needed,” it said in a statement, adding it remained confident in the mid- to long-term growth outlook for the flash memory market.

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Kioxia operates the Yokkaichi and Kitakami plants jointly with Western Digital Corp. The plants are in central and northern Japan, respectively.

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Rival memory chipmaker Micron Technology said on Thursday it was cutting its investment plans by 30% amid a fall in demand for PCs and smartphones and reducing investment in fabrication by 50% 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% from the prior month largely due to falling memory chip production, the government said on Friday.

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