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Memory chipmaker Micron expects revenue drop, expects AI to boost sales in 2025

With a glut still nagging the chip industry, Micron expects the deepest revenue drop since 2001. Micron said it would keep investments at about $7 billion for fiscal year 2023, the lower end of a previously stated range. It will target a 15% headcount reduction this year, bigger than its previous 10% target.

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​ With a glut still nagging the chip industry, Micron expects the deepest revenue drop since 2001. Micron said it would keep investments at about $7 billion for fiscal year 2023, the lower end of a previously stated range. It will target a 15% headcount reduction this year, bigger than its previous 10% target. With a glut still nagging the chip industry, Micron expects the deepest revenue drop since 2001. Micron said it would keep investments at about $7 billion for fiscal year 2023, the lower end of a previously stated range. It will target a 15% headcount reduction this year, bigger than its previous 10% target.  Moneycontrol Latest News Read More  

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