Koreans shut off the DRAM faucet
By
June 15, 1998, TechWeb News
Seoul, Korea - Samsung Electronics Co. yesterday was set to halt all DRAM production for seven days, and officials said production cutbacks would persist until the supply glut is resolved.
Samsung also said it would curtail production of SRAMs, flash memories and non-memory ICs.
With 64-Mbit DRAMs now around $8, Samsung, Hyundai Electronics and other major DRAM producers have slashed production. Hyundai reportedly shut down major DRAM plants in Ichon, South Korea, for a week.
Separately, next week, a South Korean government commission is expected to release a "death list" of conglomerate chaebol subsidiaries that it believes should be liquidated as part of an industrywide restructuring.
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