To cope with global recession, Toshiba is cutting down its production of NAND flash memory by 30 percent. The production cut will take effect beginning January 2009 and will affect its Yokkaichi operations plant in Mie Prefecture, Japan.
Demand for semiconductors have slowed down due to the impact of the global recession and the slowdown in consumer spending. Decreased demand for applications such as memory cards and MP3 players has resulted in an excess supply of NAND flash memories.
Toshiba is also contemplating on reviewing production capacities for its other semiconductor plants.