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Micron Earnings Show Chipmakers Benefiting From Restraint

  • Memory prices higher on limited supply, diverse demand
  • New CEO says aiming to make Micron more cost competitive
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Micron Technology Inc. has been promising investors the memory chip industry was about to become more sensible for years. Its earnings and outlook show that may finally be the case.

After building too much factory capacity for many years and tanking the price of the commodity components, the few remaining suppliers have held back expansion and balanced supply with demand, creating higher prices.