Micron Technology Cuts Q4 Outlook, Earmarks $40 Billion in Chip Manufacturing Over the Decade

Micron Technology Cuts Q4 Outlook, Earmarks $40 Billion in Chip Manufacturing Over the Decade
Micron Technology Inc. in Folsom, Calif., in August 2017. Google Maps/Screenshot via The Epoch Times
Benzinga
Updated:

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.