The mighty Ministry of International Trade & Industry is so concerned at the evident failure of Japan’s semiconductor agreement with the US to prevent dumping of parts in third countries that it has ordered the Japanese semiconductor industry to reduce output in the current quarter by 10%. The aim is to reduce the oversupply of parts, in the hope that it will force prices up up in the home market and curb the temptation to sell parts at whatever price manufacturers can get.
MITI ORDERS 10% CUT IN JAPANESE CHIP OUTPUT
