The Latest Breaking News from Sanjay Mehrotra

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…

“We believe that the memory industry has passed its trough in revenue, and we expect margins to improve as industry supply-demand balance is gradually restored," said CEO Sanjay Mehrotra.

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.

“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.

"We saw a significant reduction in near-term industry bit demand, primarily attributable to end demand weakness in consumer markets," said CEO Sanjay Mehrotra.

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…

"Data center is the largest market for memory and storage, and we expect it to outpace the broader memory and storage market over the next decade," said CEO Sanjay Mehrotra.