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Tech & Science: Micron wants to delete

Red Bull loses legal battle against gin maker with ‘bull’ in its name

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After losses,

after high losses at the start of the new financial year, the semiconductor group Micron Technology is on the cost brake. Investments are to be reduced massively, as the largest memory chip manufacturer in the United States announced on Wednesday after closing the IPO. In addition, Micron wants to reduce ten percent of the last existing 48,000 jobs. Bonuses are also to be canceled across the group and the salaries in management are decreasing. A share buyback program was suspended. The group had already announced in the past month to reduce production by around 20 percent.

Nach hohen Verlusten zum Auftakt des neuen Geschäftsjahres tritt der Halbleiterkonzern Micron Technology auf die Kostenbremse. © David Chang/EPA/dpa After high losses at the start of the new financial year, the semiconductor group Micron Technology is on the cost brake.

in particular memory chip groups are currently exposed to major problems. For example, consumers are reluctant to buy new smartphones, laptops and PCs in which these chips preferably installed. The manufacturers of the devices even sit on high stocks and first break them down before assigning new orders to the chip manufacturers.

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rapid decline in sales at Micron

, on the other hand, run better, the business of chip corporations, which rely more on special semiconductors for the automotive and energy industry. Companies like Infineon, for example, are currently even expanding their capacities in order to be able to serve demand. In the first business quarter (December 1),

Micron recorded a rapid decline in sales both compared to the previous quarter and the previous year. The proceeds fell to around $ 4.1 billion (around 3.9 billion euros), after $ 6.6 billion in the three months earlier. The bottom line was a net loss of $ 195 million. Further development also looks rather cloudy. According to the group, it should be difficult to return to the profit zone in 2023.

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