Samsung cuts memory chip output on weak demand amid supply glut
Seoul [South Korea], April 7 (ANI): Samsung Electronics said on Friday that it was reducing memory chip production after it flagged a 95.8 per cent plunge in first quarter's operating profit from the same period last year, as a downturn in semiconductor demand hurts it and other manufacturers of the components, according to Nikkei Asia.
"The company is cutting memory production volumes to a meaningful level," the South Ko