Toshiba to slash memory chip output due to supply glut

December 16, 2008 Toshiba's logo sign is illuminated on the Toshiba building in central Tokyo

Toshiba's logo sign is illuminated on the Toshiba building in central Tokyo. Japan's Toshiba Corp. is to make large-scale cuts in output at its semiconductor plants in the country amid the global slump in manufacturing, a local business daily reported Tuesday.

Japan's Toshiba Corp. said Tuesday that it was slashing its production of NAND flash memory chips -- used in iPods and other digital music players -- by 30 percent as the economic crisis hits demand.

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