Storage major Micron recently said it is taking further action to address storage market conditions, including reducing DRAM and NAND wafer production by about 20% this quarter compared to the previous quarter, and plans to further cut capital expenditures, according to the Economic Times.
In a statement released yesterday, Micron said it is reducing DRAM and NAND wafer production, which will be about 20 percent lower than in Q4 of fiscal year 2022, which ended Sept. 1.
Micron said in September that it would reduce its capital expenditures by 30 percent this year, and in the new statement Micron said it would further reduce capital expenditures.
Wedbush analyst Bryson pointed out that the widespread reduction in supply and capital spending, which usually means that the storage industry falls to the bottom, is a good sign, but there is the possibility of a longer-term demand downturn that will put pressure on the entire technology industry.
According to research data from TrendForce, global DRAM industry revenue for the third quarter of 2022 was $18.19 billion, down 28.9% QoQ, the second highest decline since 2008 due to the financial tsunami. Throughout the market, the fundamental reason for the decline in DRAM revenue is the weakness on the consumer side. The demand for consumer electronics continues to shrink, and the contract price decline has not only expanded to 10-15%, but even server DRAM clients, which originally shipped relatively stable volumes, have begun to adjust their inventories, resulting in a significant decline in pulling power.
source：aijiwei
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