Chip stocks hammered as Micron forecast signals waning demand [Reuters]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: Reuters
eases a two-year global semiconductor shortage that has hit production of everything from cars to smartphones. Chip stocks across the world tumbled on Friday after memory chip maker Micron Technology Inc (MU.O) 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." read more Advertisement · Scroll to continue Shares of Taiwan's TSMC (2330.TW) and MediaTek (2454.TW) , Dutch chip-gear maker ASML (ASML.AS) , Franco-Italian firm STMicroelectronics , and Germany's Infineon (IFXGn.DE) all fell on Friday. Chip stocks were the biggest drag on the S&P 500 (.SPX) on Friday. The Philadelphia Semiconductor index (.SOX) was down 3.5%, after sliding 35% in the first half of the year. Chipmakers were overwhelmed trying to meet big orders from makers of smartphones and personal computers (PCs) after demand surged from people working from home during the pandemic. Advertisement · Scroll t
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MU
News
- Biden, Seeking to Build on Fruitful Week, Announces Billions in Chip Grants [The New York Times]The New York Times
- Micron's $6.1B CHIPS Act Funding Propels Major Expansion In US [Yahoo! Finance]Yahoo! Finance
- Huawei-led firms receive Chinese backing to build advanced AI chips: report [Seeking Alpha]Seeking Alpha
- Biden, Seeking to Build on Fruitful Week, Will Announce Billions in Chip Grants [The New York Times]The New York Times
- Biden to announce preliminary deal with Micron for up to $6.14 bln in chip grants [Reuters]Reuters
MU
Earnings
- 3/20/24 - Beat
MU
Sec Filings
- 4/25/24 - Form 4
- 4/23/24 - Form 4
- 4/22/24 - Form 4
- MU's page on the SEC website