Micron rains on the government flea parade

At least Micron did not completely let the government down.

On Tuesday morning, the memory chipmaker became the latest semiconductor company to warn of a seriously weakening market. As a result, Micron has again reduced its planned capital expenditures for manufacturing equipment for the fiscal year ending next August. The company said it now expects capital expenditures to be “significantly down” in fiscal 2023 compared to the current fiscal year, which ends later this month. .


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