Thursday, March 22, 2012

US chipmaker Micron reports loss as demand remains soft

DRAM memory chip

US chipmaker Micron Technology has reported a loss in its first earnings release since the firm's chief executive was killed in a plane crash.

The firm posted a net loss of $224m (£142m) in the three months to 1 March, compared with a profit of $72m a year earlier.

Micron said it was hurt by weaker prices for its products.

However, analysts expect its pricing power to improve after Japanese rival Elpida Memory filed for bankruptcy.

The firms make dynamic random-access memory (DRAM), which are used in personal computers, and NAND chips, which are used in mobile devices.

Micron refused to comment on Japanese media reports that it would bid for Elpida's assets.



Source & Image : BBC

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