Samsung has reportedly decided to cut NAND Flash production at its Xi’an plant in China by over 10% due to global oversupply. The Omnibus Archivesmove aims to stabilize NAND Flash prices and mitigate losses in its NAND Flash business given a potentially sharp price drop this year. Samsung’s Xi’an NAND Flash factory will reduce monthly output from 200,000 to 170,000 wafers, and is therefore expected to face challenges in the first quarter of 2025 including rising inventory and declining demand, with contract prices likely to drop by an average of 10% to 15% quarter-on-quarter, according to market research firm TrendForce. [Icsmart, in Chinese]
