The cutbacks come as trade tensions between the United States and China destabilize the semiconductor industry. The conflict has caused uncertainty that major players in the chip business blame in part for hampering sales. And as Washington has stepped up its assault on China's emerging technology industry, Beijing has also doubled down on its drive for self-sufficiency in chips, including DRAM and NAND. Micron, the third largest producer of memory chips in the world, said the cuts would start to reduce the global memory supply before the end of the year. Other producers of DRAM and NAND, including Samsung and Toshiba, are also scrambling to curb capital spending as demand declines. Micron said it would keep tightening its belt: deeper cuts to the company's capital spending are coming in 2020, Mehrotra said. Micron has also been buffeted by the ban on supplying chips to Huawei, its largest customer last year. The sanctions slapped on Huawei have cost it around $200 million in overall sales.