Regarding the recent layoffs in China, Micron officially responded to the CFM flash memory market:

Micron responds to layoffs

In response to Micron's recent layoffs in China, Micron officially responded to the CFM Flash Market: 

Due to the continued weak financial performance of mobile NAND products in the market and slower growth compared to other NAND opportunities, we will halt future mobile NAND product development globally, including the termination of UFS5 development.

Other Storage Support

Micron stated that this decision only impacts global mobile NAND product development efforts. 

Micron will continue to develop and support other NAND solutions, such as SSDs and NAND solutions for automotive and other end markets.

Continued DRAM Development

Micron will also continue to develop and support the mobile DRAM market globally and offer an industry-leading DRAM product portfolio.

Performance investment improvement

In recent years, as large technology companies have increased their investments in artificial intelligence data centers, semiconductor manufacturers such as Micron have seen a surge in orders for their high-bandwidth memory (HBM) chips, due to their powerful data processing capabilities.

Revenue Forecast Raised

The company now expects quarterly revenue of $11.2 billion, plus or minus $100 million, compared to its previous forecast of $10.7 billion, plus or minus $300 million.

Gross Margin Improvement

Micron also raised its fourth-quarter adjusted gross margin forecast to 44.5%, plus or minus 0.5%, compared to its previous forecast of 42%, plus or minus 1%.

Pricing Improvement

The company said the revised forecast reflects improved pricing, particularly for its dynamic random access memory, or DRAM, products.

Executive Comments

Micron Chief Business Officer Sumit Sadana said at an industry conference on Monday: "We look at all the different end markets around the world, and the pricing trends have been strong, and we've had great success raising prices."

Analyst Views

eMarketer analyst Jacob Bourne said that supply constraints in HBM production and strong AI demand have enabled Micron to set higher prices for its products, representing a shift from memory chipmakers, which have historically had to accept thinner profit margins.

Increased Investment

In June, Micron said it would increase its investment in the United States by $30 billion, bringing the total to $200 billion.

Source: Semiconductor Industry Observer

View more at EASELINK