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The Latest Breaking News from Micron

Samsung to cut chip production as profits plunge by 96%

Sales fall at world’s biggest memory chip maker amid decline in global demand for semiconductors

The Guardian - UK

'War of the states': EV, chip makers lavished with subsidies

States are doling out more cash than ever to lure multibillion-dollar microchip, electric vehicle and battery factories, inspiring ever-more competition as they dig deeper into their pockets to attract big employers and capitalize on a wave of huge new projects

The Independent UK

How Low Can SSD Prices Go? TrendForce Expects NAND Price Decline to Continue

TrendForce sees NAND Flash pricing downturn to continue through 2Q23, with no prospect of turnaround until 4Q23.

Tom’s Hardware

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Corsair MP600 Pro LPX SSD Review: Another Day, Another Drive

The Corsair MP600 Pro LPX is an undistinguished high-end PCIe 4.0 NVMe SSD that would work fine in a PlayStation 5 but falls behind its peers in most respects. Get it on sale, if possible.

Tom’s Hardware

Micron Loses $2.312 Billion as Demand for DRAM and 3D NAND Nosedives

Micron will further cut investments and reduce workforce due to short-term 3D NAND and DRAM demand uncertainties.

Tom’s Hardware

Galax's PCIe 5.0 SSD Arrives With Beefy Active Heatsink

Galax has announced the HOF Extreme 50 PCIe 5.0 SSD, which offers sequential read speeds up to 10 GB/s and features an active heatsink.

Tom’s Hardware

Hard disk drives could finally be out by Christmas if this trend continues

The average price of SSD building blocks is falling down and it’s good news

TechRadar

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Cadence Delivers Technical Details on GDDR7: 36 Gbps with PAM3 Encoding

When Samsung teased the ongoing development of GDDR7 memory last October, the company did not disclose any other technical details of the incoming specification. But Cadence recently introduced the industry's first verification solution for GDDR7 memory, and in the process has revealed a fair bit of additional details about the…

AnandTech

First PCIe Gen5 SSDs Finally Hit Shelves - But The Best Is Yet To Come

This week, consumer-grade PCIe 5.0 M.2 drives have finally hit the U.S. market, well over a year since the first client PC platforms supporting PCIe Gen5 became available. The new drives offer higher performance than the flagship PCIe 4 drives they supplant, albeit with some trade offs such as high…

AnandTech

Gov. Greg Abbott says Texas will revamp economic development program after property tax incentive expires

Abbott told business leaders in Arlington on Wednesday that Texas is already suffering from the end of the tax-break program, recently losing a “massive” computer chip factory to New York.

The Texas Tribune

The Best Semiconductor Stocks to Buy

When considering the best semiconductor stocks, there's Nvidia and then there's everyone else. Here, we look at the mega-cap chipmaker and a few of its peers.

Kiplinger

Chip Inventories Swell as Consumers Buy Fewer Gadgets

The world is now awash in chips. The oversupply marks a sharp turnaround from a global shortage during two years of supercharged demand. Consumer appetite for electronics has weakened against a backdrop of rising interest rates, a falling stock market and recession fears.

Bangkok Post

Micron announces layoffs, cost cutting as chip demand drops

Micron will reduce its workforce by 10% next year and take other cost-cutting measures as the computer memory chip maker struggles to deal with too much supply amid a drop in demand

The Independent UK

NYC mayor takes supportive tone after governor signs bill restricting crypto mining

NEW YORK — New York City Mayor Eric Adams took a supportive if somewhat cryptic tone after New York Gov. Kathy Hochul signed legislation this week limiting some cryptocurrency mining in the state, casting the new law as an acceptable step toward smart tech policy.

Tribune News Service

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The Independent UK

Biden zeroes in on economic message as campaign winds down

President Joe Biden is zeroing in on a largely economic-focused message amid raging inflation and recession risks as he makes his closing argument for the November midterm elections

Tribune News Service

Chip makers offer big investments as they jockey for federal aid

WASHINGTON — The world’s top semiconductor makers have announced in recent months long-term U.S. investments that could rise to more than $400 billion, citing support from a new federal aid program for which the rules have yet to be written.

Roll Call

Chipmakers offer big investments as they jockey for federal aid - Roll Call

The jockeying for federal money for semiconductor manufacturing has begun as global producers announce big investment plans.

StockNews.com

3 Autonomous Vehicle Stocks to Buy on the Dip

Autonomous vehicles (AV) are the next major evolutionary step in transportation. However, there are many years before its full adoption. Here are 3 stocks that will benefit from this industry's growth and increasing adoption: Tesla (TSLA), Micron (MU) and ON Semiconductor (ON).

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news in one place.

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Reason

Biden's New Industrial Policy Will Fail, Just Like Industrial Policy Always Fails

While campaigning for the midterm election, the president is promoting a disastrous and expensive form of economic protectionism.

Benzinga

Nancy Pelosi Lost Money On 75% Of Recent Trades: Here's Where It Went Wrong

Speaker of the House Nancy Pelosi is one of the many members of Congress who has been targeted with talks of new legislation to ban members of office and their spouses from trading stocks and options. A new filing shows Pelosi and husband Paul Pelosi's recent trades.

Miami Herald

The Week Ahead: Seeing the bottom line of earnings deflation and economic apprehension

Amid the stock market's obsession over inflation and interest rates, investors may be asking themselves, “What about profits?” After all, the market is supposed to reflect corporate profit expectations, not just economic statistics.

The Independent UK

Micron to bring microchip plant to upstate New York

Micron, one of the world’s largest microchip manufacturers, is expected to open a semiconductor plant in New York, promising a $100 billion investment and a plant that could bring 50,000 jobs to the state

Tribune News Service

Idaho's Mike Crapo defends record in US Senate as rivals try to tie him to federal dysfunction

U.S. Sen. Mike Crapo, R-Idaho, defended his lengthy record and role as an accomplished foil to Democratic President Joe Biden during a public debate Monday, as two political foes painted him as an uncompromising, career politician whose continued time in office prevents the state and nation from addressing some of…

Benzinga

Micron Technology Earnings Were 'Materially Worse' Than Expected: 6 Analysts Comment

Micron Technology Inc. (NASDAQ: MU) released fiscal fourth-quarter results after the closing bell on Thursday. The Boise, Idaho-based company reported downbeat revenues of $6.64 billion and adjusted earnings of $1.45 per share, ahead of the consensus estimate.

Benzinga

Top Financial Stories Tuesday, September 13: Elon Musk's Takeover Set To Get Twitter Shareholder Approval, Intel Slashes Mobileye IPO Valuation, Goldman Sachs To Layoff About 500 Jobs And More…

Wall Street Journal

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