Chinese authorities on Sunday urged local operators of “critical information structure” to stop purchasing from the U.S.-based chipmaker Micron Technology Inc., citing “major” security risks without providing any details. The Cyberspace Administration of China (CAC) said that Micron had failed a security review, which it launched after the United States announced export bans that impacted China’s…
China Bans Key Projects From Purchasing Products by US Chipmaker Micron
US, South Korea Made Progress in Securing Critical Technologies: White House
April 23, 2023
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The United States and South Korea have made “historical progress” in deepening cooperation to secure critical technologies and address economic coercion, the White House said on Sunday. This came as South Korean President Yoon Suk-yeol prepared for his first state visit to the United States on Monday for talks with President Joe Biden, which Washington…
What Micron Investors Need to Know About Q4 Results: Earnings Beat, Revenue Miss, Weak Guidance
Micron Technology Inc. reported its fiscal fourth-quarter results Thursday after the bell. Here’s a rundown of the report. What Happened Micron reported fourth-quarter revenue of $6.64 billion, which missed average analyst estimates of $6.68 billion, according to Benzinga Pro. The company’s top-line results were down from $8.64 billion year-over-year. Micron reported quarterly adjusted earnings of…
Micron to Invest $15 Billion in New US Manufacturing Unit
Micron Technology Inc. will invest about $15 billion over the next 10 years in a new memory-chip manufacturing facility in Boise, Idaho, where it is based, the company said on Thursday. The investment takes into account anticipated federal grants and credits under the CHIPS and Science Act and will create 17,000 jobs by the end…
Memory Chip Maker Micron Launches New Pricing Experiment for Stability
SAN FRANCISCO—Chipmaker Micron Technology Inc. on Thursday announced it was experimenting with a new pricing model for its chips called forward pricing agreements that would aim to stabilize the steep price fluctuations that plague the industry. “I’m super excited to announce that a top 10 customer has already signed up on this model with us,…
Micron Names Qorvo’s Finance Chief as New CFO
Memory chipmaker Micron Technology Inc on Tuesday named chip firm Qorvo Inc’s finance chief Mark Murphy as its new chief financial officer. Micron lost its former CFO David Zinsner to chipmaker Intel Corp in January. Murphy will take the reins from interim finance chief Sumit Sadana, who will return to the role of chief business…
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