Micron doing well

Stefan Mileschin · 27th March 2020, 07:28

Work to home pushes notebook sales

Chipmaker Micron forecast current-quarter revenue above analysts’ estimates on Wednesday and said the shift to work from home globally due to the coronavirus outbreak is fuelling demand for notebooks and data centre services.

Chief Executive Officer Sanjay Mehrotra said on a post-earnings call with analysts said notebooks that support work from home and virtual learning are increasingly in demand,

The jump in remote work is also powering a surge in demand for data centre services.

Mehrotra said data centre business in China was boosted by increased gaming, e-commerce and remote-work activities as the country locked down many cities and regions to combat the outbreak.

The company is moving supply from smartphone to service the strength in data centre markets, Mehrotra said, adding the demand could lead to supply shortages.

Micron said two of its factories in Malaysia were briefly shut down and is now running production on a limited basis, in compliance with the country’s orders.

The company did not provide any updates about production at its US plants, as states impose shutdowns to counter the rapidly spreading virus.

https://fudzilla.com/news/50546-micron-doing-well

27th March 2020, 07:28	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,618	Micron doing well Work to home pushes notebook sales Chipmaker Micron forecast current-quarter revenue above analysts’ estimates on Wednesday and said the shift to work from home globally due to the coronavirus outbreak is fuelling demand for notebooks and data centre services. Chief Executive Officer Sanjay Mehrotra said on a post-earnings call with analysts said notebooks that support work from home and virtual learning are increasingly in demand, The jump in remote work is also powering a surge in demand for data centre services. Mehrotra said data centre business in China was boosted by increased gaming, e-commerce and remote-work activities as the country locked down many cities and regions to combat the outbreak. The company is moving supply from smartphone to service the strength in data centre markets, Mehrotra said, adding the demand could lead to supply shortages. Micron said two of its factories in Malaysia were briefly shut down and is now running production on a limited basis, in compliance with the country’s orders. The company did not provide any updates about production at its US plants, as states impose shutdowns to counter the rapidly spreading virus. https://fudzilla.com/news/50546-micron-doing-well

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