Micron warns of tougher times, plans to cut investments by 30%

Chipmaker Micron announced reduced profit projections and plans to cut equipment investments. This announcement came amid ongoing disruptions, including inflation, rising interest rates, geopolitical tensions, and COVID-19 lockdowns in China. Supplyframe CMO Richard Barnett offered insights into the state of the electronics industry and challenges facing chip manufacturers.

Read the full article on Reuters.

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