Irrespective of the major rally in semiconductor shares this thirty day period, it appears chip need is receiving worse—not greater.
On Wednesday, memory maker
Micron Technological know-how
(ticker: MU) said it will lower chip wafer generation by about 20% when compared with fiscal fourth quarter 2022, citing weaker market circumstances. The enterprise is also thinking of extra cuts to capital expenditures. The chip maker also mentioned the demand outlook for 2023 experienced just lately softened.
