Micron Technology (MU) to Cut DRAM and NAND Wafer Starts by 20%

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Go back to Micron Technology (MU) to Cut DRAM and NAND Wafer Starts by 20%

Micron Announces Further Actions to Address Market Conditions

November 16, 2022 8:52 AM EST

BOISE, Idaho, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today announced that in response to market conditions, the company is reducing DRAM and NAND wafer starts by approximately 20% versus fiscal fourth quarter 2022. These reductions will be made across all technology nodes where Micron has meaningful output. Micron is also working toward additional capex cuts. In calendar 2023, Micron now expects its year-on-year bit supply growth to be negative for DRAM, and in the single-digit percentage range for NAND.

Recently, the market outlook for calendar 2023 has weakened. In order to significantly... More