https://www.reuters.com/technology/samsung-elec-q2-profit-plunges-95-chip-glut-persists-2023-07-27/

Samsung to extend production cuts after $7 billion chip loss in first halfSamsung Electronics on Thursday said the worst is over for the global memory chip market but announced plans to extend production cuts because a demand recovery is largely constrained to high-end chips used in artificial intelligence.www.reuters.com


Jaejune Kim, executive vice president of Samsung's memory business, said on an earnings call that it would extend production cuts and make additional output adjustments for certain products including NAND flash chips, which are used to store digital data.



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