Kim Forrest, Bokeh Capital Partners founder and CIO, reacts to Micron's (MU) upbeat forecast on "Bloomberg The Close." Micron said fiscal fourth-quarter revenue will be roughly $10.7 billion, well ahead of the $9.89 billion average analyst estimate.
Micron Technology, Inc. specializes in the design, manufacturing and marketing of semiconductors. The group's products include memory products (dynamic memories, flash memories, etc.) and semiconductor systems. Net sales break down by market as follows:
- IT infrastructure (37.9%): computers, network systems, graphics systems and cloud servers;
- phones and mobile devices (25.3%): smartphones, tablets and mobile devices;
- storage media (18.3%): mainly fixed and removable data storage components;
- other (18.5%): primarily automotive, connected home and consumer electronics and industries markets.
As of 29/08/2024, the group has 11 manufacturing sites worldwide.
Net sales are distributed geographically as follows: the United States (52.4%), Taiwan (18.7%), China (12.1%), Hong Kong (4.3%), Japan (3.4%), Asia/Pacific (5.3%), Europe (3.3%) and other (0.5%).
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