Micron Technology Inc, a maker of memory chips, forecast on Thursday much worse-than-expected revenue for the current quarter and said the market had"weakened considerably in a very short period of time."
led companies, including automakers, to slash production, delay shipments and pay steep premiums for key chips.had global executives issuing grave warnings about supply chokepoints until recently. Ranjit Atwal, senior director analyst at Gartner, said falling smartphone and PC sales will result in the chip shortage easing this year.
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