Thursday, June 30, 2022

Micron Forecasts Q4 Earnings Below Expectations, Raises Concern About Chip Down Cycle

Micron announced a significantly weaker than expected business outlook on Thursday. The company forecast adjusted revenue for the current quarter at $7.2 billion (nearly Rs. 56,800 crore), plus or minus $400 million (nearly Rs. 3,200 crore). This has raised concern that following nearly two years of strong demand, the industry was turning towards a down cycle.

from Gadgets 360 https://ift.tt/p0XZSsF

No comments:

Post a Comment

This Chinese chip giant is boosting production to try and take on Nvidia - but how will Huawei feel?

Cambricon aims to triple AI chip output in 2026 despite yield issues, resource shortages, and rising competition from Huawei. from Latest ...