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Micron Slashes Production as Demand Tumbles

Micron Slashes Production as Demand Tumbles

The days of lofty prices and sky-high demand for memory chips are over. Micron Technology (NASDAQ: MU) announced on Wednesday that it was dramatically ramping up its efforts to keep inventory levels in check as demand for DRAM and NAND chips slump. Micron is slashing wafer starts for DRAM and NAND chips by 20% compared to the fiscal fourth quarter of 2022.