No plan to cut chip production despite slowing demand, says Samsung

Samsung Electronics is not considering a cut in production of its memory chips despite slowing demand amid concerns over a global economic recession, a senior company executive has said.

“There is no internal discussion (about a cut in memory chip production) at the moment,” Han Jin-man, executive vice president and head of the memory global sales and marketing at Samsung Electronics, said at the annual Samsung Tech Day in San Jose, California on Wednesday.

“Samsung’s basic position on this matter is that there should not be artificial production cuts,” he said, while stressing that Samsung “is trying to make sure there is neither a chronic shortage nor oversupply of chips in the market.”