Micron's sales down 57% as market bottoms out

US memory chipmaker Micron is still experiencing revenue way below last year's highs, but the company believes the industry has bottomed out, meaning prices for buyers are likely to rise again as demand picks up.

Nevertheless, CEO Sanjay Mehrotra was able to tell investors the company had beaten its own revenue guidance for the quarter, and also said he believed the memory industry had"passed its trough in revenue" and that market conditions would begin to improve as the supply and demand balance is slowly restored.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Business chief battles back after taking his £1 million company into liquidationA business owner who saw his temporary recruitment company going from a £1 million turnover to calling in the liquidators says Covid took the rug from under him.
Fuente: ShropshireStar - 🏆 98. / 51 Leer más »

Thames Water boss steps down after giving up bonus over company's environmental performanceThe chief executive of Thames Water has resigned with immediate effect, after giving up her bonus last month over her company's poor environmental performance.
Fuente: LBC - 🏆 17. / 74 Leer más »