Micron plans to spend $40B by 2030 to expand US chip manufacturing capacity, aided by government grants and credits, and expects to begin production after 2025
2/3 Micron also said it will reduce capex in FY23 -"now expect FY23 total capex to be down meaningfully versus FY22" -Due to “macroeconomic factors and supply chain constraints, we have seen a broadening of customer inventory adjustments” $LRCX $KLAC
Micron Technology lowers guidance: -"we expect a challenging market environment in FQ4 22 and FQ1 23" -In FQ1 “we expect significant sequential declines in revenue and margins.” -"We expect free cash flow to be negative in FQ1." $MU #semiconductor https://www.sec.gov/...