Computer Storage Crash Continues, as Micron Technology Cuts Employees
Posted on 12/22/2022
Micron Technology Inc. is the biggest U.S. manufacturer of memory chips. Micron Technology believes it is experiencing the worst industry glut and it would make it hard for the company to return to profitability in 2023. Micron Technology announced a host of cost-cutting measures, including a 10% workforce reduction
Some of the largest shareholders in Micron in include firms like Vanguard Group Inc., BlackRock Inc., and Capital Research Global Investors.
Other notable shareholders include Norges Bank Investment Management (Norway Government Pension Fund Global), Sanders Capital, LLC, and Himalaya Capital Management LLC.
Western Digital
Western Digital, a maker of computer hard disk drives and solid state drives, is experiencing pain to. The price of NAND (flash) memory is falling.
