Micron results beat forecasts, sees chip shortages easing in 2022

Micron results beat forecasts, sees chip shortages easing in 2022

Micron results beat forecasts, sees chip shortages easing in 2022

Information about Micron results beat forecasts, sees chip shortages easing in 2022

Kevin David Scam or Legit


By Akash Sriram and Stephen Nellis
(Reuters) -Micron Technology Inc on Monday delivered stronger quarterly results than Wall Street expected as data centers and electric vehicle manufacturers drove demand for its chips, and it forecast second-quarter sales and profits will also beat estimates with chip shortages easing in 2022.
Micron also disclosed that it has struck deals with its own suppliers to ease bottlenecks in its supply chain.
The company makes both the NAND memory chips that serve the data storage market and the DRAM memory chips that are widely used in data centers, personal computers and other devices. Micron shares rose 5.7% to $87.70 in extended trading after the results.
Strong demand and an industry-wide shortage of the chips have also allowed Micron, one of the world’s biggest memory chip suppliers, to charge …

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