SEOUL, Dec 18 (Reuters) - 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 computers.
Reporting by Marie-France Han; editing by Keiron Henderson