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The Latest Breaking News from Sanjay Mehrotra

3 Semiconductor Stocks Ready To Soar in 2024

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

Barchart

Chinese Minister Welcomes Micron's Expansion in the Country, On the Heels of Memory IC Ban

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

Tom’s Hardware

Chinese Minister Welcomes Micron's Expansion in the Country

Chinese Ministry of Commerce welcomes foreign investment in the country.

Tom’s Hardware

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read the most diverse news in one place.

Can Micron Stock Hit $100 Per Share?

Micron stock has already gained over 34% year-to-date, but the Street-high price target for this semiconductor stock is $100 - about 50% away from current levels.

Barchart

Micron to Ship HBM3E Memory to NVIDIA in Early 2024

Micron has reaffirmed plans to start shipments of its HBM3E memory in high volume in early 2024, while also revealing that NVIDIA is one of its primary customers for the new RAM. Meanwhile, the company stressed that its new product has been received with great interest by the industry at…

AnandTech

Micron Samples 128 GB Modules Based on 32 Gb DDR5 ICs

Micron is sampling 128 GB DDR5 memory modules, the company said at its earnings call this week. The modules are based on the company's latest single die, non-stacked 32 Gb DDR5 memory devices, which the company announced earlier this summer and which will eventually open doors for 1 TB memory…

AnandTech

Buy, Hold or Sell Before Earnings: Micron Technology (MU)

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…

StockNews.com

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Micron Loses $2.312 Billion as Demand for DRAM and 3D NAND Nosedives

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

Tom’s Hardware

Chip Inventories Swell as Consumers Buy Fewer Gadgets

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.

Bangkok Post

Micron announces layoffs, cost cutting as chip demand drops

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

The Independent UK

Chip makers offer big investments as they jockey for federal aid

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.

Tribune News Service

Chipmakers offer big investments as they jockey for federal aid - Roll Call

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

Roll Call

Micron Ropes In CFO From Qorvo

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…

Benzinga

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