I would imagine it has to do with the industry wide slump in demand that appeared earlier in the year. > Samsung Electronics plans to cut back memory chip prod

I would imagine it has to do with the industry wide slump in demand that appeared earlier in the year. > Samsung Electronics plans to cut back memory chip production as its operating profit in the first quarter of 2023 is expected to plummet about 96% from the previous year. The global macroeconomic slowdown, memory chip oversupply and sluggish demand have hurt its profit, the world’s largest memory chip maker said in its preliminary earnings release on Friday. https://techcrunch.com/2023/04/06/samsung-cuts-memory-chip-production-as-it-hits-worst-quarterly-profit-since-2009/ https://techcrunch.com/2023/04/06/samsung-cuts-memory-chip-p... I think it took Samsung most of a year of production cuts to clear out excess inventory.