0
General

Micron sees sign of recovery in demand but will reduce 2020 capex after lower Q3

Wednesday 26 June 2019 | 09:59 CET | News
Micron Technology said results for its fiscal third quarter sank on the back of the challenging market environment but that the company was seeing some early signs of demand improvement. CEO Sanjay Mehrotra said that in the meantime, Micron will reduce capex for fiscal 2020 in order to improve the industry supply-demand balance.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Micron Technology
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Micron sees financial bottom for Q2 after mixed Q1

Published 19 Dec 2019 10:26 CET | World
Micron Technology said revenues for its fiscal first quarter to 28 November lifted to USD 5.14 billion from 4.87 billion the year ...

Micron launches new tools after FWDNXT acquisition, Authenta KMS and MicronX100 SSD products

Published 25 Oct 2019 15:50 CET | World
Micron Technology announced a new set of high-performance hardware and software tools for deep learning applications with the ...

Micron Xccela Flash adopted by Xilinx to accelerate performance of AI applications

Published 01 Oct 2019 10:58 CET | World
Micron Technology is working with Xilinx to boost the boot and dynamic configuration performance of Xilinx's Versal platform, an ...

Micron unveils monolithic memory for mobile applications

Published 15 Aug 2019 20:46 CET | World
Micron Technology unveiled what it calls the industry's highest-capacity monolithic 16Gb low-power double data rate 4X (LPDDR4X) ...

Micron prices 1.7 bln offering

Published 11 Jul 2019 13:22 CET | World
Micron Technology is planning an offering of USD 900 million worth of 4.185 percent senior notes due 2027 and of USD 850 million ...

Micron introduces automotive-grade UFS portfolio

Published 07 Jun 2019 09:57 CET | World
Micron Technology said it launched its new UFS (universal flash storage) 2.1 managed NAND products for automotive applications. ...

Micron revenues, profit fall in Q2 on challenging market environment

Published 21 Mar 2019 13:35 CET | World
Micron Technology said the challenging market environment pulled results lower for its fiscal second quarter to end February but ...

WD, Micron to launch 1 TB microSD cards in Q2

Published 25 Feb 2019 12:38 CET | World
Western Digital and Micron Technology have launched at MWC in Barcelona new 1 TB microSD memory cards for the latest generation ...

Micron prices USD 1.8 bln senior note offering

Published 05 Feb 2019 09:51 CET | World
Micron has priced USD 1.8 billion worth of senior notes. The company will be selling USD 600 million worth of 4.640 percent ...

Micron, Qualcomm to develop infotainment systems for vehicles

Published 09 Jan 2019 09:48 CET | World
Micron Technology and Qualcomm will together develop infotainment systems for next-generation in-vehicle cockpits. Micron will ...

Micron intros 1TB automotive, industrial grade PCIe NVMe flash storage

Published 08 Jan 2019 06:03 CET | World
Micron Technology introduced what it calls the industry's first 1TB automotive and industrial grade PCIe NVMe solid state drive ...

Mobileye selects Micron to advance development of fifth-generation autonomous driving platform

Published 07 Jan 2019 17:14 CET | World
Micron Technology announced at CES 2019 that Mobileye selected the company's memory products to advance development of Mobileye's ...

Micron grows quarterly revenues 16%, sees weaker near-term outlook

Published 19 Dec 2018 09:08 CET | World
Micron Technology reported revenue of USD 7.91 billion for its fiscal first quarter to November, up 16 percent compared with the ...

Micron joins CERN openlab

Published 13 Nov 2018 09:07 CET | Europe
Micron Technology joined the European Organization for Nuclear Research's CERN openlab, a public-private partnership, by signing ...

Micron to invest USD 100 mln in AI start-ups

Published 11 Oct 2018 09:55 CET | World
Micron Technology said it will invest up to USD 100 million in startups with a strong focus on AI and machine learning through ...

Micron caps record fiscal year with more highs in Q4

Published 21 Sep 2018 11:23 CET | World
CEO Sanjay Mehrotra said the company set revenue records across all of its major markets, from automotive and industrial to ...

Micon to invest USD 3 bln in expansion of Virginia plant

Published 30 Aug 2018 09:09 CET | United States
Micron Technology announced plans to invest USD 3 billion by 2030 to increase memory production at its plant in Manassas, ...

Micron, Intel to develop next generation for 3D XPoint

Published 17 Jul 2018 08:56 CET | World
Micron and Intel said they have updated their 3D XPoint joint development partnership, and will now jointly develop the second ...

Micron says Chinese sales ban affects 1% of revenues

Published 06 Jul 2018 09:15 CET | China
Micron Technology has confirmed a Chinese court ruled against the company in a patent infringement case filed by United ...

UMC secures injunction against Micron chips in China

Published 04 Jul 2018 09:20 CET | China
UMC announced that it has secured an injunction against the sale of certain Micron Technology products in China as part of a ...

Micron delivers new record highs in Q3

Published 21 Jun 2018 08:55 CET | World
Micron Technology delivered another record quarter, with revenues in the third quarter rising 40 percent from the year before to ...

China regulators investigate foreign chip makers Micron, Samsung, SK Hynix

Published 04 Jun 2018 11:30 CET | China
Chinese regulators have launched an investigation into memory-chip makers US-based Micron Technology, South Korea's Samsung ...