The Latest Breaking News from Sanjay Mehrotra

Looking for a sector play that could break out in 2024? This article considers 3 semiconductor stocks that could do just that.

Chinese Ministry of Commerce welcomes Micron's foreign investment in the country.

Micron (MU) posted a significant year-over-year decline in revenue and incurred massive losses in the third quarter of 2023. Further, analysts appear bearish about its outlook amid China’s ban on its chips and the demand-supply imbalance. But given the stock’s more than 18% gain over the past six months, let’s…

Micron will further cut investments and reduce workforce due to short-term 3D NAND and DRAM demand uncertainties.

The world is now awash in chips. The oversupply marks a sharp turnaround from a global shortage during two years of supercharged demand. Consumer appetite for electronics has weakened against a backdrop of rising interest rates, a falling stock market and recession fears.

Micron will reduce its workforce by 10% next year and take other cost-cutting measures as the computer memory chip maker struggles to deal with too much supply amid a drop in demand

WASHINGTON — The world’s top semiconductor makers have announced in recent months long-term U.S. investments that could rise to more than $400 billion, citing support from a new federal aid program for which the rules have yet to be written.

The jockeying for federal money for semiconductor manufacturing has begun as global producers announce big investment plans.

Innovative memory and storage solutions provider Micron Technology Inc (NASDAQ:MU) appointed Mark Murphy as the CFO, effective April 18. Murphy will be joining Micron from Qorvo Inc (NASDAQ:QRVO), a leader in wireless technologies, where he has been CFO since 2016. With Murphy's appointment, interim CFO Sumit Sadana will return full-time to his long-standing role as…