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Micron Technology Says Sees Long-Term Dram Industry Bit Demand CAGR In Mid-To-High Teens
Micron Tech Says H2 2020 Supply Growth May Be Somewhat Muted Compared To Pre-COVID-19 Expectations
Micron Technology Q3 Adj Earnings Per Share $0.82
Micron Technology, Inc. is engaged in semiconductor systems. The Company's portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.
8000 S Federal Way,
PO Box 6
Robert E. Switz
Independent Chairman of the Board
President, Chief Executive Officer, Director
David A. Zinsner
Chief Financial Officer, Senior Vice President
Manish H. Bhatia
Executive Vice President, Global Operations
Scott J. DeBoer
Executive Vice President - Technology Development
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Micron Technology Inc on Monday forecast current-quarter revenue above Wall Street estimates as home-bound employees and students spur demand for its chips that power notebooks and data centers, sending its shares up 6% in after-market trading.
Micron Technology Inc on Monday forecast current-quarter revenue above Wall Street estimates, as home-bound employees and students spur demand for its chips that power notebooks and data centers.
Micron Technology Inc <MU.O> raised its revenue forecast for the third quarter on Wednesday to a range of $5.2 billion (4.2 billion pounds) to $5.4 billion from $4.6 billion to $5.2 billion, sending its shares about 3% higher.
Chipmaker Micron Technology Inc <MU.O> forecast current-quarter revenue above analysts' estimates on Wednesday and said the shift to work-from-home globally due to the coronavirus outbreak is fueling demand for notebooks and data center services.
A group representing major U.S. semiconductor companies on Wednesday said it was working with federal officials to make clear to state and local officials overseeing lockdowns that chip companies are essential businesses that should continue operations.
Micron Technology Inc forecast current-quarter revenue above analysts' estimates on Wednesday despite a number of chipmakers warning of sales hit due to the coronavirus outbreak. (Reporting by Munsif Vengattil in Bengaluru; Editing by Maju Samuel)
Micron Technology Inc said on Wednesday it expected a recovery in 2020 after a "cyclical bottom" in the second quarter, and that it had received all requested licenses to supply some products to its largest customer, Huawei Technologies Co Ltd.
Micron Technology Inc said on Wednesday it had received all requested licenses to supply some products to its largest customer, China's Huawei, a huge relief for the chipmaker that has been struggling amid a slowing memory market.
Micron Technology Inc beat analysts' estimates for quarterly revenue on Wednesday, benefiting from an uptick in demand for memory chips after a tepid year, sending its shares up 3% in trading after the bell.
American memory chipmaker Micron's <MU.O> relationship with China's tech giant Huawei [HWT.UL] 'continues to be very good', its chief executive, Sanjay Mehrotra, said on Thursday.
(The October 24 story corrects to reflect that Micron's new devices are solid-state drives rather than hard drives with spinning disks.)
* Indexes: Dow up 0.10%, S&P off 0.09%, Nasdaq down 0.37% (Updates to open)
Micron Technology Inc <MU.O> forecast first-quarter profit below Wall Street targets, saying it was "mindful" of economic and trade uncertainty even though there were signs of an uptick in memory chip demand, sending its shares down nearly 6.5%.
Micron Technology Inc reported a 42.3% fall in fourth-quarter revenue on Thursday, as demand for its memory chips used in smartphones and laptops continued to come under pressure from the prolonged U.S.-China trade war.
Shares of chipmakers rose on Wednesday after Micron Technology Inc forecast a recovery in chip demand in the second half of the year, easing concerns that rising trade tensions would exacerbate a slump in the sector.
U.S. stocks opened higher on Wednesday, as chipmaker Micron Technology's upbeat results lifted technology shares and Treasury Secretary Steven Mnuchin's comments fueled optimism that the United States and China would strike a trade deal.
European stock markets fell early on Wednesday, as bets on an aggressive half-point cut in U.S. interest rates collapsed following Wednesday's message from Federal Reserve, soothed in part by strong results from chipmaker Micron Technology.
Memory-chip maker Micron Technology Inc said it had resumed some shipments to China's Huawei Technologies Co Ltd and still expected demand for its chips to recover later this year, sending its shares 10% late on Tuesday.
Micron Technology Inc beat analysts' estimates for quarterly revenue on Tuesday, and the chipmaker said it is seeing early signs of demand improvement.
Shares of semiconductor companies worldwide rose on Thursday, after U.S. chipmaker Micron Technology Inc predicted a recovery in a memory market saddled with oversupply as demand for mobile phones slows.
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