Global NAND flash memory prices have fallen for four consecutive months, and major manufacturers have reduced production

It is reported that due to oversupply, the price of global NAND flash memory has been falling for four consecutive months. In order to cope with this unfavorable situation, manufacturers have begun to reduce production to balance supply and demand, thereby stabilizing prices. Following Micron and Samsung's decision to reduce production, SK Hynix, another major memory chip manufacturer in South Korea, also plans to cut production. SK Hynix plans to cut NAND flash memory production by 10% in the first half of the year. Micron has previously stated that it will reduce spending on NAND flash memory production equipment and is slowing down the migration of process nodes, which will reduce production by about 10%.