Tag Archives: Micron Technology Inc

Micron to spend up to $100 billion to build New York chip plant

Sanjay Mehrotra, CEO, Micron Scott Mlyn | CNBC Micron will spend up to $100 billion over at least the next two decades building a new computer chip factory in upstate New York, The New York Times reported on Tuesday. The announcement comes after the passage of the CHIPS and Science …

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Biden signs China competition bill to boost U.S. chipmakers

[ The stream is slated to start at 10 a.m. ET. Please refresh if you do not see a player above at that time.] President Joe Biden on Tuesday signed a bipartisan bill that aims to strengthen U.S. competitiveness with China by investing billions of dollars in domestic semiconductor manufacturing …

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Micron to invest $40 billion in U.S. chip manufacturing

Sanjay Mehrota, CEO, Micron Scott Mlyn | CNBC Micron announced Tuesday it will invest $40 billion between now and 2030 to manufacture chips in the U.S. The investment is supported by grants and credits from the CHIPS and Science Act, which President Joe Biden will sign on Tuesday. Micron said …

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Chipmaker posts record profit and strong guidance

Signage for Taiwan Semiconductor Manufacturing Co. (TSMC) is displayed at the company’s headquarters in Hsinchu, Taiwan, on Wednesday, June 5, 2019. Ashley Pon | Bloomberg via Getty Images TSMC, the world’s biggest chipmaker, posted record net profit in the second quarter, helping assuage fears over weak demand from high inflation …

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Wealthy customers will help Apple resist the effects of inflation

An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, the …

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Micron warns weakening consumer demand will hurt smartphone sales

Sanjay Mehrota, Micron Technology President & CEO at the WEF in Davos, Switzerland on May 24th, 2022. Adam Galica | CNBC Micron Technology, a major vendor of memory chips for PCs and smartphones, said on Thursday that it expects smartphone sales to be meaningfully lower than previously expected for the rest …

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Intel (INTC) earnings Q1 2022

Intel shares fell 4% in extended trading on Thursday after the chipmaker issued a lower-than-expected forecast for its fiscal second quarter. Here’s how the company did: Earnings: 87 cents per share, adjusted, vs. 81 cents as expected by analysts, according to Refinitiv. Revenue: $18.35 billion, vs. $18.31 billion as expected …

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Cramer names 7 beaten-down semiconductor stocks that look ‘enticing’

CNBC’s Jim Cramer on Wednesday offered investors a list of seven semiconductor chip stocks he believes could be attractive buys. “I think there’s a sense that the chipmakers will get hurt as we head into a [Federal Reserve]-mandated recession,” the “Mad Money” host said, referring to the Fed’s upcoming interest …

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Cramer warns of trading after hours, points to big moves in Micron, RH

CNBC’s Jim Cramer reminded investors to always listen to a company’s conference call before trading on earnings and to avoid after-hours trades. “One mistake in after-hours trading will wipe you out much faster than a mistake during regular hours when everyone has the same information. There are more bids and …

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Own secular stocks, approach cyclical names with skepticism

CNBC’s Jim Cramer on Wednesday advised investors to own secular growth stocks rather than cyclical stocks and to be vigilant in spotting the difference. “The market is still eager for what is known as secular growth,” which doesn’t rely on economic cycles and likely wouldn’t be hurt by the Federal …

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