Micron Technology, Inc. provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems. The company was founded in 1978 and is based in Boise, Idaho.
The bulls are out in full force for Micron (MU) right now. Over recent months, sentiment has changed toward the memory chip giant. Whereas only a couple of quarters ago, Micron was hampered by unfavorable macro conditions and the semiconductor industry’s cyclical nature, the company appears to be on an upwards curve. Rosneblatt analyst Hans Mosesmann has been pounding the table on Micron’s behalf for a while now. A recent fireside chat with the company’s VP of Investor Relations has only reaffirmed the analyst’s bullish conviction.
(Bloomberg) -- Huawei Technologies Co.’s smartphone spinoff unveiled new devices Friday featuring chips from Intel Corp., MediaTek Inc. and Nvidia Corp., saying it reached agreements with its global partners to resume supplies cut off by U.S. sanctions on its former parent.Most of the suppliers of Honor Device Co., the budget phone brand sold by Huawei last November, have resumed doing business with the newly created company, Honor’s chief executive George Zhao said. There’s no restriction when choosing component and software suppliers, said Zhao, adding that it’s in talks with other firms including Qualcomm Inc., Advanced Micro Devices Inc., Micron Technology Inc. and Samsung Electronics Co.Huawei had hived off Honor to a Chinese government-backed consortium last year as the technology...
Tsinghua Unigroup, a Chinese conglomerate that has long sought to become a semiconductor powerhouse, is now caught between a rock and a hard place as debt woes mount while key chip units are failing to thrive, sources with knowledge of the matter said. Best known for an unsuccessful $23 billion bid for U.S. chipmaker Micron Technology Inc in 2015, Unigroup in November shocked investors with a default on a 1.3 billion yuan ($200 million) bond. Including that bond, Unigroup has now either defaulted or had cross-defaults triggered on seven onshore and offshore bonds worth about $3.6 billion, according to Refinitiv data.