Global chip industry has gone from shortage to slump, but things will improve: Micron chief

📆 22/11/2022 08:03:00
📰 ChannelNewsAsia

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Mr Sanjay Mehrotra’s comments come as the industry moves to cushion the impact of the global chip slump by slashing capital spending and output, amid fears that it is close to a bottom.

SINGAPORE: The global chip industry is going through a downturn, but what remains important is that the demand for memory and storage continues to rise in the longer term, according to the head of a global tech giant.

The resulting imbalance between demand and supply is affecting the pricing environment in the industry, he added. Mr Mehrotra’s comments come as the industry moves to cushion the impact of the global chip slump by slashing capital spending and output, amid fears that it is close to a bottom.

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