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Powerchip Semiconductor cuts DRAM production below 50% capacity
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With DRAM prices still far below production costs, Powerchip Semiconductor has made further cuts in production to preserve cash, according to the Taipei Times, quoting a PSC spokesperson. The report noted growing concerns over the liquidity of the DRAM manufacturer, which could default on loan repayments.
Taipei Times also noted that PSC had secured delays in payments for raw materials from suppliers as it juggled payments and held onto cash for maturing convertible bonds in mid-year.