Micron thinks AI will save it from China crisis

Stefan Mileschin · 30th June 2023, 06:52

Reporting 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.

https://fudzilla.com/news/57171-micr...m-china-crisis

30th June 2023, 06:52	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,738	Micron thinks AI will save it from China crisis Reporting 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. https://fudzilla.com/news/57171-micr...m-china-crisis

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