Competitors Micron and Samsung have already announced capex cut-backs. The three have an 81% market share in the NAND market.
China’s NAND competitor, Yangtze Memory of Wuhan, is running its first 100,000 wpm fab at full capacity and will bring a second, 200k wpm, fab on-line later this year.
It is not unknown in the memory business for companies to engineer a market glut to ensure that an investment by a new player is unprofitable.
