Prarthana Prakash and Ian King

Government, Business, Technology

Micron’s Warning Adds to Evidence of Collapsing Demand for Chips

Micron Technology headquarters in Boise, Idaho Micron Technology headquarters in Boise, Idaho. (Jeremy Erickson/Bloomberg News)

Micron Technology Inc., the leading U.S. maker of memory semiconductors, became the latest chipmaker to declare that demand is falling off rapidly. It warned investors that revenue won’t meet projections, sending industry stocks tumbling.

August 9, 2022