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Samsung has finally bowed to market pressure and says it has cut memory output by a ‘meaningful’ amount.

Rivals Hynix and Micron have both slashed production.

Samsung did not say whether it was reducing memory capex.

Hynix has cut its capex by 50% and Micron by 30%.

Samsung’s move follows a 96% fall in Q1 profits with an estimated $1.6 billion loss for its chip unit.


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