Micron Issues Muted Sales Forecast On Demand Weakness

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Reminiscence-chip maker Micron Expertise issued a subdued income outlook, spooking buyers even because it reported a robust rise in earnings for its newest quarter.

“Recently, the industry demand environment has weakened, and we are taking action to moderate our supply growth” in coming quarters, Chief Govt Sanjay Mehrotra mentioned in an announcement, including that he was nonetheless assured about long-term demand for reminiscence and storage.

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