Under Mehrotra, Micron has pursued different markets for its chips to reduce wild swings in the balance of supply and demand. The company has so far been able to avoid the heavy losses it experienced as recently as 2016.
SAN FRANCISCO: Micron Technology Inc gave a strong sales forecast for the current quarter and told investors it’s through the worst of a slump in the memory-chip industry.
Revenue would be as much as US$4.8bil in the fiscal second quarter, Micron said in a statement. Analysts had projected US$4.76bil, according to data compiled by Bloomberg. Adjusted earnings will be 35 US cents a share, plus or minus 6 US cents. Analysts estimated 40 US cents a share on average.
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