:Memory-chip maker Micron Technology cut its current-quarter revenue forecast on Tuesday and warned of a negative free cash flow in the following quarter as demand for chips used in personal computers and smartphones continues to drop.
Micron, which last reported negative free cash flow in 2020 during the early days of the pandemic, warned it could see significant sequential declines in revenue and margins in its first quarter due to a fall in shipments. Micron also joined chip firms Intel, Advanced Micro Devices and Nvidia Corp in flagging a rise in customer inventories.
Data indicates the DRAM memory market will be severely oversupplied at least in 2023, according to research firm TrendForce.
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Chipmaker Micron forecasts negative free cash flow for first quarter:Memory chipmaker Micron Technology said its free cash flow was expected to be negative for the fiscal first quarter and that it could see significant sequential declines in revenue and margins in the period due to a fall in shipments.The company also said fourth-quarter revenue may come in at or below the lo
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
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