Micron Forecast Signals That Chip Market Slump Is Deepening

Micron Forecast Signals That Chip Market Slump Is Deepening

Business
September 29, 2022 by secret
236
[ad_1] (Bloomberg) — Micron Technology Inc., the largest US maker of memory chips, gave a weak forecast for the current quarter, renewing concern that demand for personal computers and smartphones is falling off. Sales will be about $4.25 billion in the period, Micron said in a statement Thursday. That compares with an average analyst estimate