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Tuesday, 28 March 2023

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

Micron Technology Inc on Tuesday forecast third-quarter revenue would tumble nearly 60% from a year earlier but the steep drop was in line with Wall Street expectations and company executives painted a rosy outlook for 2025 with artificial intelligence boosting sales. With a glut still nagging the chip industry, Micron expects the deepest revenue drop since 2001.

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