NEC Corp lowered its year-end production plans for 16M-bit DRAM chips to between 12m and 13m chips per month, from a previous plan of 15m a month, the second time it has cut its target in less than a year. In December 1995 it expected to produce 18million 16Ms. It currently makes about 11m a month, and says the revisions are in line with the current state of the market. It also said production of 4Ms will be scaled back to 4m chips a month from 6m as a result of production in Japan being halted altogether.
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