Micron proclaims US$40 billion funding plan regardless of gloomy income forecast

Micron Expertise introduced on August 9 it might make investments US$40 billion to construct modern reminiscence manufacturing within the US. The funding, in line with Micron, will proceed in a number of phases all the best way to the tip of the last decade.

The announcement got here on the identical day when US president Joe Biden signed the US$52 billion Chips Act into regulation. Nonetheless, the funding, lauded by the corporate because the “largest ever funding in US reminiscence manufacturing,” was partially overshadowed by Micron’s pessimistic income forecast revealed on the identical day.

In a regulatory submitting, the US

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Chip maker Micron to shut DRAM design operations in Shanghai, transfer key engineers to US, India

  • The US chip firm, which employs about 43,000 individuals globally, didn’t present a motive for the choice, however a supply mentioned it was resulting from ‘historic lack of technical know-how’
  • A few of the 150 members of the agency’s Shanghai DRAM staff can apply to be relocated, with profitable candidates given immigration packages to the US or India

US reminiscence chip large Micron Know-how has confirmed it can shut its DRAM design operations in Shanghai by the top of this 12 months, with trade sources saying a number of the 150 Chinese language engineers will probably be requested to relocate

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Had been Hedge Funds Proper About Micron Know-how, Inc. (MU)?

With the second-quarter spherical of 13F filings behind us it’s time to try the shares by which a number of the finest cash managers on the planet most well-liked to speculate or promote heading into the third quarter of 2021. Considered one of these shares was Micron Know-how, Inc. (NASDAQ:MU).

Micron Know-how, Inc. (NASDAQ:MU) shareholders have witnessed a lower in exercise from the world’s largest hedge funds in latest months. Micron Know-how, Inc. (NASDAQ:MU) was in 87 hedge funds’ portfolios on the finish of the second quarter of 2021. The all time excessive for this statistic is 100. Our calculations

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