share_log

BRIEF-Micron Says Smartphone, Auto, & Consumer End Markets Have Started To Recover

Reuters ·  Sep 30, 2020 06:31

Sept 29 (Reuters) - Micron Technology Inc MU.O :

* MICRON SAYS ALMOST THREE QUARTERS OF MICRON TEAM MEMBERS BACK ON-SITE INCLUDING MANUFACTURING OPERATIONS, WHICH ARE RUNNING CLOSE TO FULLY STAFFED LEVELS

* MICRON SAYS SHORT-TERM OUTLOOK HAS WEAKENED; ENTERPRISE DEMAND WEAKENED DUE TO LOWER IT SPENDING AND SOMEWHAT HIGHER INVENTORIES AT SOME CUSTOMERS

* MICRON TECHNOLOGY INC - SMARTPHONE, AUTO, AND CONSUMER END MARKETS HAVE STARTED TO RECOVER, AND WE SEE FURTHER DEMAND IMPROVEMENTS AHEAD

* MICRON SAYS HALTED SHIPMENTS TO HUAWEI ON SEPT 14; EXPECT TO OFFSET IMPACT BY END OF FQ2-21 - PRESENTATION

* MICRON TECHNOLOGY INC - CLOUD AND LAPTOP DEMAND CONTINUES TO BE HEALTHY, SUPPORTED BY THE WORK FROM HOME AND SHOP FROM HOME TRENDS

* MICRON SAYS IT MAKING GOOD PROGRESS ON 2ND GEN RG NODE; EXPECT TO INTRODUCE INTO VOLUME PRODUCTION DURING FY-21

* MICRON TECHNOLOGY, ON DRAM, SAYS 1-ALPHA REMAINS ON TRACK FOR INTRODUCTION IN FY-21

* MICRON TECHNOLOGY, ON DRAM, SAYS REMAIN ON TRACK TO COMMENCE HIGH BANDWIDTH MEMORY VOLUME SHIPMENTS BY THE END OF CY-20

* MICRON TECHNOLOGY - CY-20 INDUSTRY BIT DEMAND GROWTH LIKELY TO BE IN MID-TEENS PERCENT RANGE WITH SUPPLY CONSTRAINTS FOR 8GB-BASED DRAM PRODUCTS

* MICRON TECHNOLOGY INC - DISCIPLINED DRAM INDUSTRY CAPEX TO RESULT IN IMPROVING MARKET CONDITIONS IN 2H CY-21

* MICRON TECHNOLOGY - CO&aposS OUTLOOK ON NAND IS THAT CY-20 BIT SUPPLY GROWTH IS EXPECTED TO BE WELL BELOW INDUSTRY DEMAND

* MICRON TECHNOLOGY - CO&aposS OUTLOOK ON NAND IS THAT CY-21 BIT SUPPLY GROWTH EXPECTED TO GROW SOMEWHAT BELOW INDUSTRY DEMAND

* MICRON TECHNOLOGY - CO&aposS OUTLOOK ON DRAM IS THAT CY-20 BIT SUPPLY GROWTH EXPECTED TO BE ABOVE INDUSTRY DEMAND

* MICRON TECHNOLOGY - CO&aposS OUTLOOK ON DRAM IS THAT CY-21 BIT SUPPLY GROWTH EXPECTED TO MODERATE TO LESS THAN INDUSTRY DEMAND

* MICRON TECHNOLOGY INC SEES CY-20 NAND INDUSTRY BIT DEMAND GROWTH IN THE MID-20S

Source text: ( ) Further company coverage:

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment