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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST

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To: DJBEINO who wrote (9396)7/13/2001 12:13:32 PM
From: DJBEINO   of 9582
 
Hynix to start steps for output cut next week

Hynix Semiconductor is preparing to implement a product cut starting next week, a company official said yesterday.

"We have finally reached the conclusion that output reduction is inevitable to prevent a further drop in memory chip prices," the official said. "Actual output cut is expected to begin toward the end of this month."

The official said that management will decide on the magnitude and method of the output cut after starting the preparations.

He said that the company is considering various options, including suspending the operation of some of its production lines by letting workers take a holiday collectively.

Industry watchers said the output cut would be set at around 20 percent of the company's monthly production.



2001.07.14
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