Page 22 - Memory Chips News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Reuters) -Micron Technology beat estimates for third-quarter results on Wednesday, powered by demand for its memory chips from the rapidly-growing artificial intelligence sector and an easing supply glut in its traditional PC and smartphone markets. "The recent acceleration in the adoption of generative AI is driving higher-than-expected industry demand for memory and storage for AI servers, while traditional server demand for mainstream data center applications continues to be lackluster," CEO Sanjay Mehrotra said. "We believe the current memory industry inventory correction...

(Bloomberg) -- Micron Technology Inc. gave an upbeat forecast for the current period, indicating that an industry glut is easing even as the chipmaker continues to face challenges in China.Most Read from BloombergPutin Claims He’s Back in Control. Russia’s Elite Isn’t SureQatar Group Now Confident of Winning Manchester United RaceSwitzerland Blocks Sale of Leopard 1 Tanks Bound for UkraineUBS Preparing to Cut Over Half of Credit Suisse WorkforceSweden Police Give Permit to Koran Burning Near Sto

The worst is over for Samsung Electronics and SK hynix's stock prices at least for this year, as major investors are confident demand will return in the second half of this year due to massive production cuts by the South Korean chip duo as well as Micron Technology of the U.S., which are clearly helping supply chain inventories return to healthier levels quite quickly, analysts say.

DRAM contract prices are likely to bottom out in the third quarter of 2023 while the NAND flash segment will reach the lowest point in the fourth quarter, according to memory module company Adata Technology.

Samsung Electronics has notified module customers it is going to raise the official quotes for NAND wafers, according to industry sources.