Kioxia cuts flash memory output by 30%

Kioxia cuts flash memory output by 30%

Business news |
By Peter Clarke

Japan flash memory maker Kioxia Corp. has decided to cut its output by 30 percent due to falling demand.

Kioxia said it plans to reduce its wafer start production volume by approximately 30 percent at its Yokkaichi and Kitakami flash memory plants, starting from October this year.

Kioxia said it will continue to review and adjust operations as needed. The company added that it will continue to conduct product development because it is confident that the flash memory market will grow in the medium-to-long term.

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