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　　earlier this year, US semiconductor manufacturer Micron Technology issued an early warning of the decline in global demand for PC and smartphone chips. Micron is also the first in the industry to do so. semiconductor manufacturers.

　　On Thursday, local time, Micron Technology once again stated its position when releasing its financial report, saying that future memory chip demand and company operations will face more serious difficulties, and the company will cut investment plans.

　　The company's chief executive, Sanjay Mehrotra, also said that Micron, which has cut capital expenditures significantly before, now expects capital expenditures in fiscal 2023 to be $8 billion, down from the previous year. 30%. For the second half of fiscal 2023, though, Micron is forecasting strong revenue growth, with the company forecasting a recovery in global memory chip market demand early next year.

　　In the after-hours trading era of U.S. stocks that day, Micron Technology shares fell 1.5%. Since New Year's Day this year, the stock price has been cut in half, down as much as 45%.

　　According to reports, historically high inflation and interest rate hikes by central banks around the world have led businesses and consumers around the world to rein in spending, directly hitting the PC and smartphone markets.

　　Micron said it will cut its investment in chip packaging equipment in half in the new fiscal year. Shares in semiconductor equipment maker Applied Materials fell 2% in after-hours trading on the news.

　　Traditionally, memory semiconductor makers have cut production targets and capital spending, an important signal that the global memory chip market is facing rather poor fundamentals, said Matt Bryson, an analyst at Wedbush Securities in the United States. .

　　Kinngai Chan, an analyst at the "Summit Insights Group" in the United States, adjusted Micron's stock rating and gave a buy rating. The reason given by the analyst is that in a few quarters, Micron's business will fade away.

　　According to the financial report data, in the fourth fiscal quarter (that is, the three months of June, July, and August) that ended on September 1, Micron Technology’s adjusted revenue was $6.64 billion, slightly lower than the $6.68 billion forecast by Wall Street analysts. . For the current first quarter of fiscal 2023, Micron forecasts revenue of $4.25 billion (within the range of $250 million), significantly lower than Wall Street analysts' forecast of $5.62 billion.

　　In the fiscal fourth quarter, Micron posted a net profit of $1.45 per share, beating analysts' forecast of $1.30. For the fiscal first quarter, Micron forecast a net profit of 4 cents per share (within a 10-cent range), well below the 64 cents expected by Wall Street analysts.

　　Micron said the current challenges in the memory chip market are "unprecedented", but the company's management believes that the advantages of enterprise scale will help Micron get through this difficulty.

　　Recently, smartphone makers including Apple have cut production targets, exacerbating the difficulties facing supplier Micron Technology, said Richard Barnett, a U.S. tech industry insider.

　　Sumit Sadana, Micron's chief commercial officer, said the real surprise was the magnitude of the global memory chip market slump.

　　Sadana said that in the past few months, Micron Technology has lowered its sales growth forecast for PC and smartphone memory chip sales by several percentage points. The executive said that in 2022 (the natural year), the company's sales of memory chips for personal computers will fall by about 20% compared with last year, and sales of memory chips for smartphones will drop by nearly 10%.