Trending: Micron Issues Profit Warning, Plans U.S. Investment
August 09 2022 - 12:49PM
Dow Jones News
12:19 ET -- Micron Technology Inc. is one of the most talked
about companies in the U.S. across all news items in the last 12
hours, according to Factiva data. The company said revenue could
slide lower than previously expected in the current quarter as
demand for computer memory chips continues to weaken. Micron also
said it plans to invest $40 billion through the end of the decade
and create as many as 40,000 jobs in what it called the
largest-ever investment in U.S. memory chip manufacturing. Dow
Jones & Co. owns Factiva. (mary.dewet@dowjones.com)
(END) Dow Jones Newswires
August 09, 2022 12:34 ET (16:34 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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