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The chief executive of Toshiba Memory Corp, the world’s No. 2 producer of NAND flash memory chips, on Wednesday brushed aside concerns about falling memory chip prices and reaffirmed the company’s plan to go public in two to three years.
Axar.az reports citing Reuters.
“Prices fluctuate in the short term to reflect the demand-supply balance,” Toshiba Memory CEO Yasuo Naruke said at a news conference with joint venture partner, Western Digital Corp (WDC.O), to mark the opening of a new production line.
“But we are addressing long-term demand” driven by increasing amounts of data storage due to the rise of powerful smartphones and efficient data centers, he said.
Oversupply has weighed on NAND flash memory contract prices, resulting in an average drop of 15 to 20 percent in the April-June quarter, according to market research firm TrendForce.
The new production lines will make advanced 3D NAND chips, with a stacked cell structure giving them far more storage capacity than conventional planar chips.
2018.09.19 / 14:23