Mizuho Securities Downgrades Micron Technology (MU) to Neutral
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Micron (MU) Commits to Spend $150 Billion on Memory and R&D Over the Next Decade, Will Build a $7 Billion Plant in Japan and Considers Building a New US Memory Factory
October 20, 2021 7:02 AM EDTMicron Technology (NASDAQ: MU) announced today plans to spend over $150 billion globally over the next decade on memory manufacturing and R&D.
The company committed to spending substantial funds given the transformative AI and 5G trends as the world races to secure chip and memory supplies.
Memory is at the leading edge of semiconductor manufacturing and fuels everything from feature-rich 5G smartphones to the AI-enabled cloud, said Micron President and Chief Executive Officer Sanjay Mehrotra. Microns leadership in both DRAM and NAND technologies and the strength of our roadmap... More
