The Latest Breaking News from Micron

“Our new leading-edge memory manufacturing fab will fuel U.S. technology leadership, ensuring a reliable domestic supply of semiconductors that is critical to economic and national security," said CEO Sanjay Mehrotra.

The short-term outlook for semiconductor manufacturers is not very encouraging.

The semiconductor industry is poised to benefit from the substantial demand for chips and surging prices due to the demand-supply imbalance. Furthermore, growing corporate and government investments are expected to boost the industry’s growth. With an added incentive from the Biden administration's bipartisan Act, fundamentally sound semiconductor stocks Micron Technology…

When President Joe Biden signed the CHIPS Act of 2022 into law on Aug. 9, it provided some good news for a number of chip stocks.

Elevated inflation and the Fed’s hawkish stance will likely keep the market volatile in the near term. Therefore, it could be wise to invest in fundamentally sound stocks Micron Technology (MU) and AstroNova (ALOT), which are trading at discounts to their peers. Let’s discuss.

US semiconductor giant Micron is to invest US$40 billion (£33 billion) during the 2020s in chip manufacturing in America, creating 40,000 jobs. This is on the back of incentives in the recent US Chips Act, which has also unlocked major investments from fellow US players Intel and Qualcomm.

The Nasdaq added to the morning's strong gains and is up by 2.5% in the afternoon session.

The Dow Jones fell in choppy action Tuesday while the Nasdaq lost over 1% as chip stocks weighed on the index.

Investors are also uncertain as the market looks toward tomorrow's inflation numbers.

Nvidia provided negative news on Monday and Micron followed up with more on Tuesday. Here's the trade.

Memory-chip maker Micron Technology on Tuesday warned of weakening demand and lowered its sales target for the current quarter.