The Economist, a British weekly magazine, warned Samsung Electronics' memory production cuts to revive the spirit of Chairman Lee Byung-chul.

The Economist magazine pointed out that in an article titled "Samsung should be wary of complacency like Intel" on the 13th (local time), it was interesting that when Samsung Electronics decided to cut memory production, the stock prices of competitors SK hynix and Micron of the United States jumped together.

While this can be interpreted simply as a sign that the leader's capitulation is seen as a sign that the bottom is near, The Economist noted that there is also a more elaborate explanation that the memory triumvirate may be too comfortable to take more share from competitors.

The Economist magazine wrote that Samsung Electronics' investor briefing in November last year also showed a glimpse of complacency.

At the time, Samsung seemed satisfied with the prospect of tripling the overall DRAM market rather than trying to capture market share from competitors.

The Economist magazine quoted Pierre Peragou of consultancy New Street Research as saying that Samsung Electronics has lost some of its innovation advantage to SK Hynix and Micron in DRAM and NAND technologies.

"When you're no longer fighting for survival," he said, "you become complacent."

The Economist magazine reported that in the late 11s, when Intel, the champion of U.S. semiconductor companies, began to fall behind Taiwan's TSMC and Samsung Electronics in the field of advanced system semiconductors, a similar sentiment caused Intel to crash.

The media said that Samsung Electronics would do well to regain the original spirit of former chairman Lee Byung-chul.

He introduced that in 3, when former Chairman Lee announced his entry into the semiconductor business with the "Tokyo Declaration," he said that Korea lacked raw materials but had educated and hardworking manpower.

He also said that Samsung Electronics marched through the competition with its gritty or "martial arts-like style" work ethic to take an impregnable position in the global memory market, was always the last survivor during the downturn, and dominated market share when others were struggling.