erek
[H]F Junkie
- Joined
- Dec 19, 2005
- Messages
- 11,052
They're cutting chip production to help
"Smartphone and personal computer makers ramped up purchases of chips during the Covid-19 pandemic, when demand for consumer electronics soared as people were stuck at home during lockdowns. This led to a global chip shortage. However, demand has waned as consumers cut back on bigger purchases amid the cost of living crisis, with food and energy bills soaring. Samsung said demand had dropped because of a weaker world economy and companies buying fewer chips as they run down their inventories. "We are lowering the production of memory chips by a meaningful level, especially that of products with supply secured," the company said, referring to customers with sufficient inventories."
Source: https://tech.slashdot.org/story/23/...o-cut-chip-production-as-profits-plunge-by-96
"Smartphone and personal computer makers ramped up purchases of chips during the Covid-19 pandemic, when demand for consumer electronics soared as people were stuck at home during lockdowns. This led to a global chip shortage. However, demand has waned as consumers cut back on bigger purchases amid the cost of living crisis, with food and energy bills soaring. Samsung said demand had dropped because of a weaker world economy and companies buying fewer chips as they run down their inventories. "We are lowering the production of memory chips by a meaningful level, especially that of products with supply secured," the company said, referring to customers with sufficient inventories."
Source: https://tech.slashdot.org/story/23/...o-cut-chip-production-as-profits-plunge-by-96