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@ 2023/06/30Reporting a huge third-quarter loss but sees light at end of tunnel
Micron reported a third-quarter loss and a 57 per cent drop in revenue yesterday, but its Chief Executive Sanjay Mehrotra said that things could only get better.
The outfit's main issues were an oversupply hit the memory-chip maker and China’s decision to recommend that “operators of critical information infrastructure in China should stop purchasing Micron products.”
Being a glass half full sort of guy, Mehrotra said he believed the memory industry “had passed its trough” and that the company’s margins should improve as the supply-demand balance is gradually restored.
Micron reported a third-quarter loss and a 57 per cent drop in revenue yesterday, but its Chief Executive Sanjay Mehrotra said that things could only get better.
The outfit's main issues were an oversupply hit the memory-chip maker and China’s decision to recommend that “operators of critical information infrastructure in China should stop purchasing Micron products.”
Being a glass half full sort of guy, Mehrotra said he believed the memory industry “had passed its trough” and that the company’s margins should improve as the supply-demand balance is gradually restored.
