Feb. 7, 2023 /SemiMedia/ -- Western Digital recently said that total equipment investment in fiscal year 2023 will reach $2.3 billion, down 14.8% from the $2.7 billion disclosed in October 2022.

In addition, Western Digital announced production cuts, saying it had cut NAND flash wafer production by 30% in January.

In addition to Western Digital, major memory makers such as SK Hynix, Micron and Kioxia have also cut production and investment.