NASDAQMU

Micron leads semiconductors lower as new capex cuts set to come next year (NASDAQ:MU)

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sankai Semiconductor stocks fell on Wednesday in the wake of new spending cuts from Micron Technology (NASDAQ:MU), as the memory chip maker said the outlook for 2023 has continued to worsen. Micron (MU) tumbled 5% after it said it would reduce wafer starts for both NAND and dynamics random access memory, or DRAM, by roughly … Read more

Semiconductors mixed as sector deals with fallout from Micron spending cuts (NASDAQ:MU)

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MF3d Semiconductor stocks were mixed on Friday as investors digested the implications of a spending cut from Micron Technology (NASDAQ:MU) and what it means for others in the space. In 2023, Micron (MU) said it would cut total capital expenditures by 30% year-over-year and wafer fab equipment spending by up to 50% next year. Kioxia, … Read more