Breaking News

Samsung Galaxy S25 Edge Features New Corning Gorilla Glass Ceramic 2 for Enhanced Durability Razer announces Clio Chair Accessory for Audio Immersion Razer Unveils Ergonomic Gaming Mouse and Keyboard for Gaming on the Go Noctua releases NH-D15 G2 specific offset LGA1851 mounting bars for improved cooling performance ADATA Launches T7 and T5 Enterprise SSD Series

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Micron Expects Recovery in 2020, Received Supply Licenses for Huawei

Micron Expects Recovery in 2020, Received Supply Licenses for Huawei

Enterprise & IT Dec 19,2019 0

Micron Technology Inc said on Wednesday it expected a recovery in 2020 and that it had received all requested licenses to supply some products to Huawei Technologies Co Ltd.

The company reported better than expected quarterly earnings on an uptick in demand for memory chips after a tepid year.

Micron also faced uncertainty when Washington placed Huawei on a so-called entity list in May that effectively banned U.S. firms from supplying to the Chinese company.

The chipmaker said on Wednesday it had received all requested licenses that enable it to provide support for certain products and qualify new products for Huawei’s mobile and server businesses.

The licenses are not expected to have a material impact on the company’s revenue in the next couple of quarters, Micron said.

"Micron posted solid first quarter results, delivering good profitability and positive free cash flow. With our strong execution and improving industry conditions, we are optimistic that Micron's fiscal second quarter will be the cyclical bottom for our financial performance," said Micron Technology President and CEO Sanjay Mehrotra. "Our significantly improved competitive position, dramatically stronger product portfolio, structurally higher profitability and investment-grade balance sheet position Micron very well to drive long-term shareholder value."

Mehrotra said he expected the business to recover in the third quarter of fiscal 2020.

The company's forecast second-quarter revenue between $4.5 billion and $4.8 billion.

For the first quarter, Micron earned 48 cents per share on an adjusted basis.

Net income attributable to the company fell to $491 million in the quarter ended Nov. 28, from $3.29 billion a year earlier.

Revenue also fell to $5.14 billion from $7.91 billion for the same period last year, but it was higher than the $4.87 billion for the prior quarter.

Tags: Micron Technology
Previous Post
Researchers Expose China’s Hidden Hacking Group
Next Post
IBM's New Battery Design Uses Seawater as Alternative to Heavy Metals

Related Posts

  • Micron Expands SSD Portfolio With New Crucial P310 2280 Gen4 SSD, Bringing High-Octane Performance To Gamers and Creators

  • Micron Unveils Industry's Fastest 2230 Gen4 Consumer SSD

  • Crucial Pro Series Supercharges Portfolio with DDR5 Overclocking Memory and World’s Fastest Gen5 SSD

  • Micron announces 9400 NVMe SSD​

  • Micron Announces Availability of “DID Agnostic” Server DRAM

  • Micron DDR5 Server DRAM Available to Data Centre Customers in Advance of Next-Generation Server Platforms

  • Phison Announces Strategic PCIe Gen5 Relationship with AMD and Micron at Computex 2022

  • Micron’s New Crucial DDR5 Memory Delivers Blazing Speeds and Massive Bandwidth to Consumers for Next-Gen Desktop PCs

Latest News

Samsung Galaxy S25 Edge Features New Corning Gorilla Glass Ceramic 2 for Enhanced Durability
Smartphones

Samsung Galaxy S25 Edge Features New Corning Gorilla Glass Ceramic 2 for Enhanced Durability

Razer announces Clio Chair Accessory for Audio Immersion
Consumer Electronics

Razer announces Clio Chair Accessory for Audio Immersion

Razer Unveils Ergonomic Gaming Mouse and Keyboard for Gaming on the Go
PC components

Razer Unveils Ergonomic Gaming Mouse and Keyboard for Gaming on the Go

Noctua releases NH-D15 G2 specific offset LGA1851 mounting bars for improved cooling performance
Cooling Systems

Noctua releases NH-D15 G2 specific offset LGA1851 mounting bars for improved cooling performance

ADATA Launches T7 and T5 Enterprise SSD Series
Enterprise & IT

ADATA Launches T7 and T5 Enterprise SSD Series

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Rock 5

be quiet! Dark Rock 5

G.skill Trident Z5 Neo RGB DDR5-6000 64GB CL30

G.skill Trident Z5 Neo RGB DDR5-6000 64GB CL30

Arctic Liquid Freezer III 420 - 360

Arctic Liquid Freezer III 420 - 360

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Crucial Pro OC 32GB DDR5-6000 CL36 White

Crucial Pro OC 32GB DDR5-6000 CL36 White

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed