Micron CEO Sanjay Mehrotra stated that weak client market finish demand, together with PCs and smartphones, has considerably dragged down demand within the world reminiscence business. As a consequence, the corporate determined to cut back its fab gear capex in fiscal 2023.
According to Taiwanese media “Electronic Times”, Mehrotra stated,While information middle finish demand stays sturdy, the corporate has seen some enterprise OEM prospects trying to trim their reminiscence and storage inventories.
It is reported that Micron’s income within the third quarter of fiscal 2022 was US$8.64 billion, a year-on-year enhance of 16.4%. From the angle of income, DRAM accounted for 73% and NAND was 26%.
Going ahead, Micron believes that headwinds associated to client demand and stock will adversely have an effect on the business. Therefore, Micron expects that the expansion fee of market demand within the DRAM business for the entire 12 months of 2022 will likely be 10 proportion factors decrease than the medium and long-term CAGR, whereas that of NAND is 20% larger.
Source: www.ithome.com
