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Micron warns of tougher times, plans to cut investments

By Chavi Mehta and Jane Lanhee Lee

Sep 30 2022 11:55AM

Falling demand for PCs and smartphones lead to 30 percent investment cut.

Micron warns of tougher times, plans to cut investments

Micron Technology, the first major chipmaker to sound an alarm about falling demand for PCs and smartphones earlier this year, on Thursday warned of even tougher times ahead and said it was cutting its investments. "We made significant reductions to capex and now expect fiscal 2023 capex ...

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