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The Latest Breaking News from Sanjay Mehrotra

Micron surges on outlook for AI-powered-chip sales and narrower Q1 loss

Micron CEO Sanjay Mehrotra said rapidly expanding AI technologies would boost demand for the group's memory chips.

The Street

Micron slides after updating Q1 sales forecast, citing improved supply and pricing

CEO Sanjay Mehrotra will detail the new forecasts when he speaks at the UBS Global Technology Conference in Scottsdale later this morning.

The Street

Chinese Minister Welcomes Micron's Expansion in the Country, On the Heels of Memory IC Ban

Chinese Ministry of Commerce welcomes Micron's foreign investment in the country.

Tom’s Hardware

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Chinese Minister Welcomes Micron's Expansion in the Country

Chinese Ministry of Commerce welcomes foreign investment in the country.

Tom’s Hardware

Can Micron Stock Hit $100 Per Share?

Micron stock has already gained over 34% year-to-date, but the Street-high price target for this semiconductor stock is $100 - about 50% away from current levels.

Barchart

Micron to Ship HBM3E Memory to NVIDIA in Early 2024

Micron has reaffirmed plans to start shipments of its HBM3E memory in high volume in early 2024, while also revealing that NVIDIA is one of its primary customers for the new RAM. Meanwhile, the company stressed that its new product has been received with great interest by the industry at…

AnandTech

Micron Samples 128 GB Modules Based on 32 Gb DDR5 ICs

Micron is sampling 128 GB DDR5 memory modules, the company said at its earnings call this week. The modules are based on the company's latest single die, non-stacked 32 Gb DDR5 memory devices, which the company announced earlier this summer and which will eventually open doors for 1 TB memory…

AnandTech

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Buy, Hold or Sell Before Earnings: Micron Technology (MU)

Micron (MU) posted a significant year-over-year decline in revenue and incurred massive losses in the third quarter of 2023. Further, analysts appear bearish about its outlook amid China’s ban on its chips and the demand-supply imbalance. But given the stock’s more than 18% gain over the past six months, let’s…

StockNews.com

Micron Stock Jumps On Narrower Q3 Loss, Solid AI Chip Outlook

“We believe that the memory industry has passed its trough in revenue, and we expect margins to improve as industry supply-demand balance is gradually restored," said CEO Sanjay Mehrotra.

The Street

Micron Loses $2.312 Billion as Demand for DRAM and 3D NAND Nosedives

Micron will further cut investments and reduce workforce due to short-term 3D NAND and DRAM demand uncertainties.

Tom’s Hardware

Chip Inventories Swell as Consumers Buy Fewer Gadgets

The world is now awash in chips. The oversupply marks a sharp turnaround from a global shortage during two years of supercharged demand. Consumer appetite for electronics has weakened against a backdrop of rising interest rates, a falling stock market and recession fears.

Bangkok Post

Micron announces layoffs, cost cutting as chip demand drops

Micron will reduce its workforce by 10% next year and take other cost-cutting measures as the computer memory chip maker struggles to deal with too much supply amid a drop in demand

The Independent UK

Stock Market Today: Stocks End Down, Dashing Santa Claus Rally Hopes

Hopes for a late-in-the-year relief rally extension slip as chip maker Micron Technology warns of forthcoming losses and announces staff cuts.

The Street

Chip makers offer big investments as they jockey for federal aid

WASHINGTON — The world’s top semiconductor makers have announced in recent months long-term U.S. investments that could rise to more than $400 billion, citing support from a new federal aid program for which the rules have yet to be written.

Tribune News Service

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Roll Call

Chipmakers offer big investments as they jockey for federal aid - Roll Call

The jockeying for federal money for semiconductor manufacturing has begun as global producers announce big investment plans.

The Street

Micron Unveils Plans For $15 Billion Chip Manufacturing Plant In Idaho

“Our new leading-edge memory manufacturing fab will fuel U.S. technology leadership, ensuring a reliable domestic supply of semiconductors that is critical to economic and national security," said CEO Sanjay Mehrotra.

The Street

Micron Stock Tumbles On Grim Chip Sector Outlook After Q3 Earnings Beat

"We saw a significant reduction in near-term industry bit demand, primarily attributable to end demand weakness in consumer markets," said CEO Sanjay Mehrotra.

Benzinga

Micron Ropes In CFO From Qorvo

Innovative memory and storage solutions provider Micron Technology Inc (NASDAQ:MU) appointed Mark Murphy as the CFO, effective April 18. Murphy will be joining Micron from Qorvo Inc (NASDAQ:QRVO), a leader in wireless technologies, where he has been CFO since 2016. With Murphy's appointment, interim CFO Sumit Sadana will return full-time to his long-standing role as…

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The Street

Micron Stock Jumps As Data Centers Power Q2 Earnings Beat, Solid 2022 Outlook

"Data center is the largest market for memory and storage, and we expect it to outpace the broader memory and storage market over the next decade," said CEO Sanjay Mehrotra.

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