Micron warns of tougher times, plans to cut investments

By on
Micron warns of tougher times, plans to cut investments

Falling demand for PCs and smartphones lead to 30 percent investment cut.

Micron Technology, the first major chipmaker to sound an alarm about falling demand for PCs and smartphones earlier this year, on Thursday warned of even tougher times ahead and said it was cutting its investments. "We made significant reductions to capex and now expect fiscal 2023 capex ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
hardwarememorymicronpcssemiconductorssmartphones

Sponsored Whitepapers

Responding To Industry Trends And Our 5m+ Users
Responding To Industry Trends And Our 5m+ Users
The Future of Digital Identity in Government
The Future of Digital Identity in Government
Secure Public Services for Every Australian
Secure Public Services for Every Australian
7½ Questions for Aged Care's Digital Decisions
7½ Questions for Aged Care's Digital Decisions
Creating the Sustainable IT Department
Creating the Sustainable IT Department

Most Read Articles

Woolworths sheds light on 'dark store' ecommerce operations

Woolworths sheds light on 'dark store' ecommerce operations
Cleanaway starts digitising work orders at its workshops

Cleanaway starts digitising work orders at its workshops
Oracle spending 'billions' on Nvidia chips this year

Oracle spending 'billions' on Nvidia chips this year
Indictment details plan to steal Samsung secrets

Indictment details plan to steal Samsung secrets

Digital Nation

More than half of loyalty members concerned about their data
More than half of loyalty members concerned about their data
How eBay uses interaction analytics to improve CX
How eBay uses interaction analytics to improve CX
COVER STORY: The opportunities and risks of cybersecurity insurance in Australia
COVER STORY: The opportunities and risks of cybersecurity insurance in Australia
Health tech startup Kismet raises $4m in pre-seed funding
Health tech startup Kismet raises $4m in pre-seed funding
DeepAI founder on the risks of artificial intelligence
DeepAI founder on the risks of artificial intelligence

Log In

  |  Forgot your password?