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General

Micron lifts revenues, profit in strong Q4, outlook affected by Huawei ban

Wednesday 30 September 2020 | 09:15 CET | News
Update: 30 September 2020 | 10:31 CET
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Micron reported fourth quarter results in line with expectations, helped by strong DRAM sales in cloud, PC and gaming consoles, and an "extraordinary" increase in QLC NAND shipments. CEO Sanjay Mehrotra said the company was looking forward to improving conditions throughout calendar 2021, driven by 5G, cloud and automotive growth. Still, Micron guided for sequentially lower results for the next quarter, with executives saying they did not receive the US licenses they wanted to sell memory chips to Huawei. Chief business officer Sumit Sadana told Reuters that this will affect revenues for the

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[30/09/2020 10:31- Update: added information about Huawei]


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Categories: General
Companies: Micron Technology
Countries: World
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