Friday, September 9, 2005
Micron Technology said memory prices would remain stable or rise further this year and forecast much better gross margins ahead.
The company said consumer spending still intact amid record-high oil prices, but was concerned demand in the upcoming Christmas quarter could be affected.
The company also announced in a separate statement it is investing $250 million to expand its chip-testing and assembly operations in Singapore.
"DRAM prices have come back a little bit. Although they are not that strong, we expect them to be stable or improve for the rest of the year," Micron CEO Appleton said.
He said that stable-to-higher DRAM prices were due to seasonal back-to-school demand and a shift in production capacity from DRAM to NAND flash memory chips.
By: DocMemory
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