Key Takeaways
- Micron missed estimates for its first quarter of 2023 due to weak chip demand.
- The chip manufacturer also announced weaker guidance for the second quarter.
- Micron is one of many tech companies laying off workers due to a softening economy.
Micron recently reported lower-than-expected earnings results that included a supply-demand mismatch. It further warned of a much worse second quarter, as the discrepancy will take time to resolve.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased