Short Take: Samsung halts memory chip production

Samsung Electronics has shut down its main DRAM plants for a week starting July 19 in an effort to lessen the ongoing memory chip glut. The world's biggest memory maker will continue the practice until the ailing DRAM market has recovered, a company official told Nikkei Business Publications. Memory prices have been collapsing for over two years. Samsung first stopped production during the week of June 14.

July 23, 1998 4:00 p.m. PT

has shut down its main DRAM plants for a week starting July 19 in an effort to lessen the ongoing memory chip glut. The world's biggest memory maker will continue the practice until the ailing DRAM market has recovered, a company official told Nikkei Business Publications. Memory prices have been collapsing for over two years. Samsung first stopped production during the week of June 14.