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