Micron Technology Inc

The government has approved the modernisation of the Semiconductor Laboratory as a brownfield chip manufacuring unit, Parliament was informed on Friday. Minister of State for Electronics and IT, Rajeev Chandrasekhar in a writtten reply to the Rajya Sabha said that till date only one proposal of Micron Technology Inc for setting up a semiconductor ATMP unit in India with a capital investment of Rs 22,516 crore ($2.75 Billion) has been approved. "Government has also approved modernisation of Semiconductor Laboratory, Mohali…

China's cyberspace regulator will conduct a cybersecurity review of products sold in the country by US memory chip manufacturer Micron Technology Inc, the regulator said on Friday. The move, which comes amid a spat over chip technology between Washington and Beijing, is aimed at protecting the security of the supply chain for critical information infrastructure, prevent hidden risks and safeguard national security, the Cyberspace Administration of China (CAC) said in a brief statement. It gave no other details, including…

Micron Technology Inc on Tuesday forecast third-quarter revenue would tumble nearly 60% from a year earlier but the steep drop was in line with Wall Street expectations and company executives painted a rosy outlook for 2025 with artificial intelligence boosting sales. With a glut still nagging the chip industry, Micron expects the deepest revenue drop since 2001. Micron said it would keep investments at about $7 billion for fiscal year 2023, the lower end of a previously stated range. It will target a 15% headcount…

Samsung Electronics Co Ltd reported its lowest quarterly profit since 2014 and said persistent macroeconomic uncertainty will make for a tough first half of the year, though demand is likely to start recovering in the second half. Sluggish demand and inventory adjustment will continue to impact the chip business in the first quarter, Samsung said in a statement, adding it expects "smartphone demand to decline year-on-year due to the economic slowdown in major regions". The world's biggest maker of memory chips and…

CNBC's Jim Cramer on Friday named four stocks that he believes could mount a comeback this year.To come up with his picks, he parsed through last year's worst-performing stocks listed in the Nasdaq 100. "Out of the Nasdaq's biggest losers, I think Qualcomm, Lam Research, Micron, and Airbnb will work this year, although not necessarily the first half," he said, adding, "and don't forget Illumina."Here are his thoughts on each stock:QualcommCramer said that while Wall Street expects the semiconductor company to start losing…

The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018.Pual Yeung | Bloomberg | Getty ImagesCheck out the companies making the biggest moves midday:Wynn Resorts — The casino operator's stock jumped nearly 7%, building on its solid start to 2023. With Wednesday's gain, the stock is up more than 11% for the week. Earlier this week, Wells Fargo named the stock a top tactical investing idea for the first quarter. The firm said Wynn's…

Check out the companies making headlines before the bell:Shaw Communications (SJR) – Canada's Competition Tribunal dismissed an attempt by the country's competition watchdog to block the $26 billion acquisition of the telecom company by rival Rogers Communications (RCI). Shaw surged 10.1% in the premarket, while Rogers gained 0.4%.Li Auto (LI) – Li Auto said it expected to deliver more than 20,000 of its electric vehicles this month, higher than the 14,087 the China-based EV maker delivered in December 2021.Southwest…

Check out the companies making headlines before the bell:Tesla (TSLA) – Tesla gained 1.6% in the premarket in a volatile session, following a seven-day losing streak and declines in ten of the past eleven sessions. Baird reduced its price target on Tesla to $252 per share from $316, but continues to rate the stock outperform.related investing newsAMC Entertainment (AMC) – AMC Entertainment rose 1.2% in premarket trading after CEO Adam Aron asked the movie theater chain's board to freeze his salary. He also urged other top…

PagSeguro Digital Ltd: "We have to remember it's from Brazil, so therefore it's politically unstable. I hate to just be so broad-sweeping as that. ... These are political issues."Teladoc Health Inc: "I've used the product, I like it very much, but it is not a good situation."GlobalFoundries Inc: "We heard Micron today that the industry is a little softer. ... Right now, the complex is for sale, and I never buck when an entire sector is for sale."ProPetro Holding Corp: "We like the oils that pay big yields because they…

CNBC's Jim Cramer outlined three reasons that markets lost a short-lived rally on Thursday.If the economy were running colder, if the stock market was lower, and if interest rates were higher before sliding, things would be different, Cramer said. "Today we didn't see that, though. We had the worst of three worlds."Here are the three factors:Hot economic data: Initial weekly jobless claims for the week ending Dec. 17 rose by 2,000 to 216,000, according to the Labor Department. That's less than the Dow Jones consensus…