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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: DJBEINO who wrote (36428)	7/23/1998 1:13:00 AM
From: DJBEINO	Respond to of 53903

JAPAN CHIPMAKERS CUT PRODUCTION IN BID TO BOOST PRICES -------------------------------------------------------------------------------- SEOUL, July 22 (Asia Pulse via COMTEX) -- Japanese semiconductor chipmakers have started to cut back on their memory chip production, following suit of its worldwide competitors. Industry sources said Wednesday that Japanese chip producing companies NEC and Hitachi, ranked 2nd and 4th in global production, have decided to shut down production lines for eight and nine days respectively, until the middle of next month. The sources said the supply of chips may now be running on low, with suspension of production going on worldwide, relieving excessive supply. Micron Technology of the United States, suspending operations, following its recent merger with Texas Instrument (TI), has joined up with other chipmakers in cutting back output. Those chipmakers that joined chip production reduction produce about 67 percent of chips made worldwide. Industry sources believe that the cuts are working, to raise prices. Samsung and Hyundai Electronics cut production on two different occasions.