Kioxia ends production cutting strategy — 3D NAND prices could stabilize or decline
Kioxia has resumed full production after 20 months of cuts. Improved market conditions are behind the changes, reportsNikkei. This potentially means that the world’s fourth-largest maker of3D NANDis back to competing for market share, which could mean price drops for flash memory. The company has also secured refinancing of ¥540 billion ($3.424 billion) and a new line of credit worth ¥210 billion ($1.332 billion) from its lenders. In June, Kioxia increased production to full capacity at its Yokkaichi and Kitakami plants, which produceNAND flash memory, the report says....