DRAM makers to cut chip production

Several manufacturers of DRAM chips, including Hitachi and NEC, have announced they will temporarily cut production of the chips in response to free-falling prices.

Several manufacturers of DRAM chips, including Hitachi and NEC, have announced they will temporarily cut production of the chips in response to free-falling prices. The two companies will cut production by 10% until prices stabilide.

Companies expected to follow suit include Toshiba, Mitsubishi, Hyundai, Samsung and Micron Computer, sources says. Analysts say that once prices, which are currently as low as US$4 per megabyte of DRAM, become stable, they may rise slightly before leveling off -- until the advent of 64Mb DRAM, which isn't expected until 1998 or 1999.

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