Samsung to keep cutting chip output to boost bottom line

Samsung Electronics will continue to reduce semiconductor output during the latter half of this year, to accelerate an earnings recovery by reducing inventory, the company said Thursday.

"We will make an additional adjustment to the production of both DRAM and NAND flash," Samsung Electronics Executive Vice President Kim Jae-joon, who is in charge of the memory business, said during a conference call on second-quarter earnings. "We will especially carry out a large-scale reduction in NAND production."