Samsung was the only major memory maker that did not cut the output of DRAM and 3D NAND when demand for these commodity ICs dropped due to softening of PC and smartphone sales last year. But as the company's profits plummeted in Q1 2023, it decided to reduce memory production to balance the supply and demand situation on the market.
"We have cut short-term production plans, but as we project solid demand for the mid-to-long term, we will continue to invest in infrastructure to secure essential cleanrooms and to expand R&D investment to solidify tech leadership," a statement by Samsung published by Bloomberg reads.
