Micron’s Global Consolidation Drive Still Has Big Korean Problem
- U.S. company reporting losses, cutting jobs in tough market
- Samsung still has scale, spending advantage over Micron
Micron Unveils Restructuring Plan
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Micron Technology Inc., which tried to bring order to the brutal memory chip business by buying out rivals, has left the job unfinished.
The U.S.’s largest maker of the semiconductors that provide the short-term memory in computers and phones reported a loss in its fiscal-third quarter and said it’s heading for another one in the current period. The outlook sent its shares tumbling. Demand isn’t strong enough to account for industrywide output forcing prices of some chips below the cost of production.