SEOUL Dec 18 Hynix Semiconductor (000660.KS), the
world's No. 2 memory chip maker, said on Thursday it was planning
to cut its production of computer memory chips by 20 to 30
percent starting in late December.
"We are taking advantage of the company-wide vacation period
starting in late December to achieve the cuts," a Hynix
spokeswoman told Reuters. "We will reevaluate our decision early
next year depending on the market situation."
Earlier on Thursday, the Seoul Economic Daily reported that
the company was considering 20 to 30 percent cuts in dynamic
random access memory (DRAM) chips, widely used in personal
(Reporting by Marie-France Han; editing by Keiron Henderson)