Just after the G-7 summit in Hiroshima, Japan, the Chinese regime announced that it is banning products from U.S. memory chip maker Micron, citing national security risks. The move has put the U.S.-led coalition against Beijing to the test, experts say. Beijing’s move to ban Micron was intended to use the market vacated by Micron…
China’s Ban on US Chipmaker Micron a Ploy to Divide the US-South Korea Alliance: Experts
May 27, 2023
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Asia & PacificBusiness & MarketsChina Business & EconomyChina Newseconomic coercionexport controlsG-7 summitmemory chipMicron TechnologySamsungsemiconductorSK HynixSouth KoreaTechTech NewstechnologyUS-China relationsWorld
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Chipmakers Post Weak Results, Reduce Spending Amid Recession Fears
October 7, 2022
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AMDBusiness & MarketschipmakersCompanieseconomyIntel Corp.Micron TechnologynvidiarecessionSamsungSemiconductor industryTechTech NewsUS
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Multiple chip manufacturers are posting disappointing financial results and cutting down on spending—developments that are negatively affecting the share prices of these firms. AMD, for example, recently announced its preliminary third-quarter sales, missing projections by more than $1 billion. The third-quarter revenue is expected to be $5.6 billion, below the company’s forecast of $6.7 billion….
Micron Technology Cuts Q4 Outlook, Earmarks $40 Billion in Chip Manufacturing Over the Decade
Micron Technology Inc.’s expectations for CY22 industry bit demand growth for DRAM and NAND have declined amid macro uncertainties and supply chain constraints. Therefore, it expected a challenging market environment in Q4 and Q1. Micron expected Q4 revenue to come at or below the low end of the provided revenue guidance range. Based on the last guidance, Micron…
This Analyst Believes Negative Sentiment, Macro Headwinds as an Opportunity to Step in for Micron Technology and Western Digital
Mizuho analyst Vijay Rakesh slashed price targets on Micron Technology, Inc. to $95, from $113 (66 percent upside), and Western Digital Corp. to $68, from $72 (44 percent upside), and reiterated a Buy. He observed that memory industry update, sentiment, and pricing trends had softened considerably in the last month with weaker PC-handset trends, consumer demand concerns with DRAM softer…
4 Reasons Why This Micron Analyst Is Turning Bullish on the Chipmaker
Shares of memory chipmaker Micron Technology, Inc. received a bullish recommendation from Wedbush on Monday. The Micron Analyst Matt Bryson upgraded Micron shares from Neutral to Outperform and increased the price target from $100 to $120. The Micron Takeaways Wedbush’s optimism on Micron is predicated on upgraded NAND expectations, faster semiconductor content growth forecast, increased…
South Korean Chip Giant SK Hynix Unveils World’s Fastest, Highest Capacity Memory Chip
South Korean memory chipmaker SK Hynix Inc. has unveiled the industry’s highest-performing DRAM with a data speed capable of transmitting 163 full-HD movies in a single second. Experts describe this as the fastest and largest capacity memory chip to date. SK Hynix announced on Oct. 20 that it had successfully developed the third-generation DRAM (Dynamic Random-Access…
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