World’s finespun mobile maker Samsung Electronics also gets off in the market with chip making section as a self-proclaimed and industry-acclaimed part of its business. A senior executive has said that the company is not in the lights to cut chip production, albeit slowing demand for chips amidst the concerns over a global economic slump.
There is no internal discussion (about a cut in memory chip production) at the moment,” Han Jin-man, executive vice president and head of the memory global sales and marketing at Samsung Electronics, said at the annual Samsung Tech Day on Wednesday, which is currently happening in San Jose, California. Samsung has no plans to cut chip production and aims to become a total chip solutions provider by “maximizing the synergy between” its wide range of products.
“Samsung’s basic position on this matter is that there should not be artificial production cuts,” he said while stressing that Samsung “is trying to make sure there is neither a chronic shortage nor oversupply of chips in the market” this could be an apotheosis as U.S. prodigious chip manufacturer Micro Technology said that it would cut capital outlaying by up to 30 percent and chip equipment spending up to 50 percent to slow supply growth in the Calendar year 2023.
While speaking about the change, Micron CEO Sanjay Mehrotra said during the company’s earnings call late last month. It is “shrewd” to “bring off the supply chain in track with demand” in this out of the ordinary situation” and the environment that has caused the demand and “the extraordinary level of listing adaptation by the Micron customers.
Micron saw low earnings in the fourth quarter of 2022, with sales plummeting 19.7 percent YoY. According to global market researcher Omdia, the world’s third-largest DRAM mandatory with a market share of 24.8 percent, it is now rumbling behind the industry leader Samsung with 42.7 percent and second place SK Hynix with 27.1 percent.
