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-0.000109086942292908 0 -0.000763608596050978 -0.00261808661503213 -0.00763608596051056 -0.00578160794152941 -0.0111814115850332 -0.00469073851859924
Stock impact report

Micron leads semiconductors lower as research firm expects chip revenue to drop in 2023 [Seeking Alpha]

Skyworks Solutions, Inc. (SWKS) 
Last skyworks solutions, inc. earnings: 1/23 04:01 pm Check Earnings Report
Company Research Source: Seeking Alpha
Micron leads semiconductors lower as research firm expects chip revenue to drop in 2023Nov. 28, 2022 1:41 PM ETMicron nology, Inc. (MU)COHRSONYAAPLAMDINTCTXNNVDAQCOMSWKSSSNLFQRVOBy:Chris CiacciaSA News Editor1 CommentPonyWangMicron nology (NASDAQ:projectedGartner said revenue forchip companies is expected to decline 3.6% to $596B in 2023, down from $618B in 2022. The memory market is expected to bear a large portion of that decline, as demand for consumer electronics continues to weaken and high inventory levels put pressure on prices. The research firm added that revenue from memory chips, where Micron () is one of the major competitors, along with SK Hynix and Samsung (OTCPK:SSNLF), is expected to decline 16.2% next year.Other areas are also expected to see a sharp drop according to Gartner, including dynamic random access memory, or DRAM, where Micron (Separately on Monday, Nikkei AsiareportedNYSE:Sony (worriesA number of Apple chip suppliers declined on Monday due to worries over Show less Read more
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