Micron Cuts Capex, Wafer Starts
The company also resumed shipping some products to Huawei
By Dylan McGrath, EETimes
June 26, 2019
SAN FRANCISCO — U.S. memory chip supplier Micron Technology said that it would reduce its capital-spending plans for fiscal 2019 and 2020 and further trim wafer starts amid an ongoing demand slowdown that has thrown the memory market into a tailspin.
Micron said that it would slash capital spending for its fiscal 2019, which closes in August, to about $9 billion, down about 10% from the company’s estimate of about $10.5 billion at the start of the fiscal year. Micron said that it expects its fiscal 2020 capital expenditures to be “meaningfully lower” than fiscal 2019.
To read the full article, click here
Related Semiconductor IP
- Gen#2 of 64-bit RISC-V core with out-of-order pipeline based complex
- LLM AI IP Core
- Post-Quantum Digital Signature IP Core
- Compact Embedded RISC-V Processor
- Power-OK Monitor
Related News
- Chartered still losing money, cuts capex
- ST to 're-deploy' 1,000 engineers amid Q1 losses, CapEx cuts
- TSMC Cuts Capex by $1 Billion
- SMIC Shanghai Starts Construction of a New 12-Inch Wafer Fab
Latest News
- BrainChip and Parsons Sign Strategic Agreement to Accelerate Edge AI Defense Systems
- Ainekko Brings Open-Source Principles to AI Hardware with Launch of AI Foundry
- Arteris Selected by Axelera AI to Accelerate Computer Vision for Edge Devices
- Preliminary Characterisation Report for Perceptia’s pPLL08W in GF 22FDX Now Available
- VSORA Launches Europe’s Most Powerful AI Inference Chip