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Technology / AI and automation

MICRON TECHNOLOGY EXPECTS FISCAL SECOND QUARTER LOSS

Business is growing again at the one surviving specialist US memory chip maker Micron Technology Inc, Boise, Idaho – but so are the losses: the company, which still looks to the US-Japan chip trade agreement to revive its business, says that it expects to report a fiscal second quarter loss of $11m, up from the $9.7m it reported for the first quarter to December 4 – but that revenue should have more than doubled to about $20.4m compared with the $9.4m it recorded in the quarter to March 4, 1985; the company has shrunk the die size of its 256K part, and has begun sampling its next generation 1M-bit chip.

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CBR Staff Writer

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