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Message: [QUOTE="KellySyracuse, post: 4562637, member: 1644"] Here is one article about if from Jan 10, I pasted most of it because it's a subscriber exclusive. [URL unfurl="true"]https://www.syracuse.com/business/2023/01/microns-sales-are-falling-and-its-cutting-jobs-should-central-new-york-be-worried.html[/URL] "The company reported revenues last quarter of $4.1 billion, a stunning decline of 39% from the previous quarter and 47% down[B] [/B]from the same period a year ago. The company lost $195 million in the quarter, compared with profits of $1.5 billion the previous quarter and $2.3 billion in the same period quarter a year ago. But computer chip memory production is a long game and the current pain should be short-lived, experts told syracuse.com | The Post-Standard. Micron itself told investors the company expects sales to rebound by mid-2023. What’s happening with Micron, and other companies that make highly advanced memory chips, isn’t so unusual. At the moment, the demand has flattened for new computers, cars, smartphones, household appliances and scores of other devices that rely on chips. Companies like Micron ramped up production during the coronavirus pandemic, in part to satisfy our need to work from home. Now inflation is up, making consumers cut their spending. That leaves companies like Micron with too many chips and too few buyers, and falling prices for their products. That won’t last, analysts say. “It wouldn’t surprise me to see in one year a shortage and prices going up,” said Hans Mosesmann, managing director of Rosenblatt Securities. Over time, people will still need new washing machines. Countries will continue to add weapons systems. And future innovators will need computer memory chips, like the ones Micron builds, for devices and uses that we might not even envision right now. Micron’s main product is DRAM, or dynamic random access memory, the most common type of computer memory since it was [URL='https://history-computer.com/dram/']invented by[B] [/B]Robert Dennard[/URL] at IBM in 1966. It’s where computers and other digital products store data for instant access while being worked on by a processor, and that’s not expected to change anytime soon. [B]DRAM accounts for more than 70% of Micron’s revenues. It’s also the type of memory that Micron is planning to make in Clay.[/B] In other words, the kind of chips Micron plans to pump out here are the kind that experts say will continue to be in demand for the long haul." [/QUOTE]

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