Memory chip production: Toshiba and Sandisk restrict fabrication
The memory chip manufacturers Sandisk and Toshiba restrict the production of their flash memories due to over production and falling prices.
Other enterprises feel the effects of the financial crisis. Now the memory chip manufacturers Sandisk and Toshiba are hit hard. Falling prices and over production force both companies to reduce their productions to 70 percent.
Due to the poor perspective for the next year the manufacturers even stop the production of the joint venture NAND memory chip factories in Yokkaichi between December 31 and January 12.
According to tomshardware.com it is uncertain how long the production will be lowered. Not until Q1 2009 Toshiba and Sandisk want to reposition their joint venture.