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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.

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.