It expects revenue of as much as US$4.8 billion in the fiscal second quarter, Micron said in a statement. “We are optimistic that Micron’s fiscal second quarter will be the cyclical bottom for our financial performance,” Micron chief executive officer Sanjay Mehrotra said in the statement. Under Mehrotra, Micron has pursued different markets for its chips to reduce wild swings in the balance of supply and demand. At its lowest ebb in that year, the company burned through US$1.3 billion in cash in a quarter, Mehrotra said. Resuming that relationship would take time and Micron does not anticipate “a material impact on our revenue for the next couple of quarters,” the company said in the statement.

Source: Taipei Times December 19, 2019 15:56 UTC