Micron CEO sees semiconductor growth as cars become ‘data centers on wheels’ and 5G rolls out

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Micron CEO sees semiconductor growth as cars become ‘data centers on wheels’ and 5G rolls out

CNBC2021-07-02

Micron Technology sees immense growth for semiconductors in 5G and electric vehicles as world economies recover from the pandemic, CEO Sanjay Mehrotra told CNBC on Thursday. "The markets today are ...

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POR
·2021-07-02
Good update
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NgKenny
·2021-07-02
Good
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EdmundSan
·2021-07-02
Impressive
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3
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Soksok
·2021-07-02
Good
Reply
4
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- EdmundSan:
  Indeed
  2021-07-02
  Reply
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Ak91
·2021-07-02
Lik n comment pls
Reply
6
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- Huathk:
  Gd
  2021-07-02
  Reply
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Jacqueslim
·2021-07-02
Wow..
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3
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- Zero_onezero:
  tes
  2021-07-02
  Reply
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SIONGBENG
·2021-07-02
Good
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5
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Shadowrider
·2021-07-02
Ok
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4
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AKKok
·2021-07-02
As demand grows, how could sustainability be considered?
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2
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brandonwcj
·2021-07-02
Good demand for chips
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5
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- Racheltestin:
  Yup
  2021-07-02
  Reply
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- Baldy:
  Ok
  2021-07-02
  Reply
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- Bombayah:
  ok
  2021-07-02
  Reply
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Kenny77
·2021-07-02
Chip company to the moon
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2
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- SIONGBENG:
  good
  2021-07-02
  Reply
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WindyMoon
·2021-07-02
Cool
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5
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- J大哥:
  Cool
  2021-07-02
  Reply
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- WindyMoon:
  [Cool]
  2021-07-02
  Reply
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mikie
·2021-07-02
??
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3
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- Kenny77:
  Up up
  2021-07-02
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MightyPooP
·2021-07-02
EV stocks are hot now. Semiconductor growth is good for the future of those stocks!
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- DanVI:
  Good
  2021-07-02
  Reply
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Stephanie58
·2021-07-02
Gogogo
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- MT2:
  So sad. Hope It can go up again
  2021-07-02
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lesliechua
·2021-07-02
Like how different industries benefits each other
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2
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- lesliechua:
  Need more positive news!
  2021-09-28
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- chubzchubx:
  hahaha
  2021-07-02
  Reply
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Maxcrusader
·2021-07-02
Looking good
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1
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BlueHi5
·2021-07-02
Like n comment plsThank u
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3
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- KinKat:
  done
  2021-07-02
  Reply
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Dennis1015
·2021-07-02
Wow
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- Soksok:
  Good
  2021-07-02
  Reply
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LarryGoh
·2021-07-02
Cool
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- 282f7b2c:
  [Smile]
  2021-08-05
  Reply
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- Weijielim:
  ok
  2021-07-02
  Reply
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- JDO:
  ?
  2021-07-02
  Reply
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Automotive, electric vehicles requiring more memory and storage — actually becoming data centers on wheels in the future — and certainly smartphones, data centers, gaming, industrial applications\" are all contributing to increased need for chips, Mehrotra said on \"TechCheck.\" \"We really see a healthier and more robust demand environment than ever.\"\nMicron — which makes memory chips used for data storage, smartphones and a range of other computing devices — reported better-than-expected quarterly sales and profit on Wednesday. Its fourth-quarter revenue guidance also topped analyst projections.\nThe chipmaker forecast fourth-quarter revenue of $8.2 billion, plus or minus $200 million, while analysts on average were expecting $7.87 billion, according to IBES data from Refinitiv.\nIn its fiscal third quarter, Micron's revenue jumped 36% to $7.42 billion, when Wall Street had been looking for $7.24 billion, according to Refinitiv. Per-share earnings of $1.88, excluding items, beat forecasts of $1.72.\nThe pandemic has resulted in a \"digital transformation acceleration,\" Mehrotra said, and a pronounced shortage of semiconductors that's rippled across the global economy. On Wednesday, for example,Ford Motorannounced another round of production delaysstemming from the chip crunch.\nHowever, higher prices due to the supply squeezes and the Covid-era shift to remote work have helped Micron.\nGoing forward, Mehrotra expects further tailwinds for the company sparked by technological shifts in areas such as wireless networks. He said 5G technology, particularly in smartphones, artificial intelligence, intelligent edge and smart user devices, have been key sources for demand growth since they all require more data memory and storage.\nDespite the optimistic outlook, Mehrotra said the company is being \"extremely prudent\" in its approach to fabrication plants and capacity. \"We want to grow our supply in line with the long-term demand trends,\" the CEO said.\nBut at the moment, he said, Micron inventories are \"running very lean,\" with the company expecting industry shortages lasting through the end of this year and into 2022. \"The shortages, as they get alleviated, will continue to open up pent-up demand, as well,\" he said.\nShares of Micron closed down 5.7% on Thursday to $80.11 apiece. The stock is up more than 6% year to date.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":156108277,"gmtCreate":1625199872099,"gmtModify":1703738223738,"author":{"id":"4087629398146830","authorId":"4087629398146830","name":"POR","avatar":"https://static.tigerbbs.com/f5546731c289c5cce57bc7cf77887995","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4087629398146830","authorIdStr":"4087629398146830"},"htmlText":"Good update&nbsp;","listText":"Good update&nbsp;","text":"Good 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n comment pls","listText":"Lik n comment pls","text":"Lik n comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/156946256","repostId":1161528901,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5099255,"gmtCreate":1625198075332,"gmtModify":1663230419542,"authorId":3573472992263411,"author":{"id":3573472992263411,"idStr":"3573472992263411","authorId":3573472992263411,"name":"Huathk","avatar":"https://static.tigerbbs.com/43c7168c646d9ea6805194ed0003f1cc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":156946256,"type":1,"supId":0,"prevId":0,"content":"Gd","text":"Gd","html":"Gd"}],"langContent":"EN"},{"id":156968489,"gmtCreate":1625190927441,"gmtModify":1703738009013,"author":{"id":"3579819379691301","authorId":"3579819379691301","name":"Jacqueslim","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579819379691301","authorIdStr":"3579819379691301"},"htmlText":"Wow..","listText":"Wow..","text":"Wow..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/156968489","repostId":1161528901,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5098292,"gmtCreate":1625191426380,"gmtModify":1663230417847,"authorId":3581743394055717,"author":{"id":3581743394055717,"idStr":"3581743394055717","authorId":3581743394055717,"name":"Zero_onezero","avatar":"https://static.tigerbbs.com/f93660d80ec28ae67a094cb5c0c44350","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":156968489,"type":1,"supId":0,"prevId":0,"content":"tes","text":"tes","html":"tes"}],"langContent":"EN"},{"id":156985507,"gmtCreate":1625190564009,"gmtModify":1703737998190,"author":{"id":"4087128100298440","authorId":"4087128100298440","name":"SIONGBENG","avatar":"https://static.tigerbbs.com/ca930173cfb6ad1569b54da97b208229","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087128100298440","authorIdStr":"4087128100298440"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/156985507","repostId":1161528901,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":156982625,"gmtCreate":1625190495267,"gmtModify":1703737996385,"author":{"id":"3582060513966213","authorId":"3582060513966213","name":"Shadowrider","avatar":"https://static.tigerbbs.com/5a097dc665f46a3e5b535d2fd63e682b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582060513966213","authorIdStr":"3582060513966213"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/156982625","repostId":1161528901,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":156934508,"gmtCreate":1625189746604,"gmtModify":1703737969912,"author":{"id":"4088035103982220","authorId":"4088035103982220","name":"AKKok","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4088035103982220","authorIdStr":"4088035103982220"},"htmlText":"As demand grows, how could sustainability be considered?","listText":"As demand grows, how could sustainability be considered?","text":"As demand grows, how could sustainability be considered?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/156934508","repostId":1161528901,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":156991906,"gmtCreate":1625189251405,"gmtModify":1703737946910,"author":{"id":"3581588311288634","authorId":"3581588311288634","name":"brandonwcj","avatar":"https://static.tigerbbs.com/a122e339b72dc656fb1dd02ceab78968","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581588311288634","authorIdStr":"3581588311288634"},"htmlText":"Good demand for chips","listText":"Good demand for chips","text":"Good demand for 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