The recent slowdown in the Semiconductor segment doesn’t mean that Micron Technology, Inc. (NASDAQ:MU) will be slowing down. In an interview on CNBC, Mark Durcan, CEO of Micron, assured that the company is in fact looking forward to growth in across a number of segments.
Micron Technology, Inc. (NASDAQ:MU) is mostly involved with manufacturing and marketing Memory based semiconductor devices. Other businesses are also members of the semiconductor space in clude those manufacturing Microprocessors, Commodity Integrated Circuit and Complex SOC (System on a Chip). However, Micron is not concerned with all that, as Memory is the tech company’s main game.
“I think memory is in a slightly different position than semiconductors generally. We certainly feel very good about the demand on a go forward basis and we see strength across a number of different segments, whether it is in the mobile arena enterprise, embedded applications, like automotive or medical, we see a lot of strength […],” said Durcan.
Micron Technology, Inc. (NASDAQ:MU) is expecting higher demand for products that are based on both system main memory, like DRAM, and storage applications like RAND, according to Durcan.
As far as Micron Technology, Inc. (NASDAQ:MU) fiscal spend of $3.8 billion for the following year is concerned, Durcan said that the company will not be expanding its capacity. Instead the company will be employing advanced technology with regards to the technological upgrade cycle. This could result in better margins for Micron Technology, Inc. (NASDAQ:MU) as more efficient methods will be employed for the manufacturing process.
Furthermore, Durcan also highlighted several other areas where Micron Technology, Inc. (NASDAQ:MU)’s finances for next year will be flowing, including adding control level resources, firmware and soft ware, as the company looks to improve and expand its system level solutions. This is also coupled with a substantial share buyback program that Micron Technology, Inc. (NASDAQ:MU) has embarked on. Trading at $33.09 at the end of the last trading day, Micron is headed for better times in terms of stock price
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