Core Viewpoint - The article discusses the recent layoffs at Micron Technology in China, primarily affecting the embedded team, and highlights the company's strategic shift away from mobile NAND product development due to market performance issues [2][4]. Group 1: Company Actions - Micron Technology has announced layoffs in its China operations, impacting teams involved in embedded development, testing, and support [2]. - The company will cease the development of future mobile NAND products, including UFS5, while continuing to support other NAND solutions such as SSDs and automotive applications [4]. - Micron's revenue forecast for the upcoming quarter is projected at $11.2 billion, with a variance of $100 million, an increase from the previous expectation of $10.7 billion [4]. Group 2: Financial Performance - Micron has raised its adjusted gross margin forecast for the fourth quarter to 44.5%, up from a previous estimate of 42% [4]. - For the fiscal year 2024, Micron's revenue distribution shows that the United States is its largest market, contributing $13.17 billion, which accounts for 52.44% of total revenue [4]. - China Taiwan follows as the second-largest market with $4.71 billion, representing 18.75% of total revenue, while mainland China ranks third with $3.05 billion, making up 12.13% of total revenue [5].

随后，摩根大通将美光科技的目标价从165美元上调至185美元，维持"增持"评级。德意志银行将美光科 技的目标价从150美元上调至155美元，维持"买入"评级。(格隆汇) 美光科技(MU.US)涨超2%，报126.4美元。消息面上，由于DRAM定价环境的显著，美光科技大幅上调 2025财年第四季度业绩指引，营收预期上调至111亿至113亿美元，毛利率指引提升至44%至45%。 ...

Analyst's Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MU over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Al ...

格隆汇8月12日｜德意志银行：将美光科技(MU.US)目标价从150美元上调至155美元。 ...

Core Viewpoint - Micron Technology announced the cessation of future mobile NAND product development due to ongoing weak financial performance in the mobile NAND market, while continuing to support other NAND solutions and mobile DRAM products [2][3] Group 1: Company Actions - Micron will stop the development of mobile NAND products globally, including the termination of UFS5 development [2] - The company will continue to develop and support other NAND solutions such as SSDs and NAND for automotive and other end markets [2] - Micron's forecast for quarterly revenue has been adjusted to $11.2 billion, with a fluctuation of $100 million, up from a previous forecast of $10.7 billion with a fluctuation of $300 million [2] Group 2: Financial Performance - Micron raised its adjusted gross margin expectation for the fourth quarter to 44.5%, with a fluctuation of 0.5%, compared to a previous expectation of 42% with a fluctuation of 1% [2] - The revised forecast reflects improved pricing, particularly for DRAM products, indicating a strong pricing trend across various end markets [3] Group 3: Market Dynamics - The demand for high-bandwidth memory (HBM) chips has surged due to increased investments in AI data centers by major tech companies, allowing Micron to set higher prices for its products [2][3] - Supply constraints in HBM production and strong AI demand have contributed to a shift in profit margins for memory chip manufacturers, moving away from historically thin margins [3]

8月12日，针对网络传言"美光近日中国区裁员"一事，这家美国芯片巨头做出回应。 美光表示，鉴于移动NAND产品在市场持续疲软的财务表现，以及相较于其他NAND机会增长放缓，该公司将在 全球范围内停止未来移动NAND产品的开发，包括终止UFS5的开发。 该公司称，此项决策仅影响全球移动NAND产品的开发工作，美光将继续开发并支持其他NAND解决方案，如 SSD和面向汽车及其他终端市场的NAND解决方案。美光还将继续在全球范围内开发和支持移动DRAM市场，并 提供业界领先的DRAM产品组合。 eet-china报道称，随着大型科技公司加大对AI数据中心的投资，美光科技等半导体制造商的高带宽内存(HBM)芯 片凭借其强大的数据处理能力，订单激增。 美光科技在声明中表示，截至8月28日预计季度营收为112亿美元，上下浮动1亿美元，而此前的预期为107亿美 元，上下浮动3亿美元。 美光科技还将第四季度调整后毛利率预期上调至44.5%，上下浮动0.5%，此前的预期为42%，上下浮动1%。 2024年3月，美光总裁兼首席执行官Sanjay Mehrotra在一次演讲中表示，这家美国公司已经持续投资中国市场超过 20年，在北 ...

Core Insights - Micron Technology (NASDAQ: MU) is highlighted as a strong investment in the semiconductor sector, particularly due to its advanced hardware that supports the AI revolution [1] - Since April 2025, Micron's stock price has surged by nearly 80%, indicating significant market confidence and performance [1] Company Overview - Micron Technology specializes in semiconductor manufacturing, focusing on products that are essential for AI applications [1] - The company has been recognized for its robust financial performance and growth potential within the tech industry [1] Investment Strategy - The article emphasizes the importance of dividend investing as a strategy for achieving financial freedom, suggesting that it is an accessible path for investors [1] - The author shares insights from extensive experience in M&A and business valuation, which informs their investment decisions in sectors like tech, real estate, and consumer staples [1]

(责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 格隆汇8月12日丨据界面，网传美国存储芯片厂商美光中国区业务调整。美光公司针对此变动回应称， 鉴于移动NAND产品在市场持续疲软的财务表现，以及相较于其他NAND机会增长放缓，公司将在全球 范围内停止未来移动NAND产品的开发，包括终止UFS5(第五代通用闪存存储)的开发。美光表示，此项 决策仅影响全球移动NAND产品的开发工作，美光将继续开发并支持其他NAND解决方案，如SSD和面 向汽车及其他终端市场的NAND解决方案。美光还将继续在全球范围内开发和支持移动DRAM(内存芯 片)市场，并提供业界领先的DRAM产品组合。 ...

Core Viewpoint - Micron has initiated layoffs in its China division due to the ongoing weak financial performance of mobile NAND products, leading to a halt in the development of future mobile NAND products, including UFS5 [1][3]. Group 1: Layoffs and Product Development - Micron's layoffs primarily affect the embedded team, testing, and support departments in various locations including Shanghai and Shenzhen [1]. - The decision to stop mobile NAND product development is a response to the sluggish market performance and slower growth compared to other NAND opportunities [1][3]. - Despite the layoffs, Micron will continue to develop and support other NAND solutions such as SSDs and NAND solutions for automotive and other end markets [3]. Group 2: Market Position and Future Outlook - Micron emphasizes the importance of China in its global business strategy, recognizing it as a key market for innovation and technology development [3]. - The company has raised its revenue and adjusted profit expectations for the fourth quarter, anticipating a surge in demand for memory chips used in AI infrastructure, which has positively impacted its stock price [3]. - The increasing investment by major tech companies in AI data centers is driving a significant rise in orders for Micron's high bandwidth memory (HBM) chips due to their superior data processing capabilities [3].

Core Viewpoint - Micron Technology is experiencing a significant shift in its business outlook, with improved revenue and profit forecasts driven by pricing improvements in the DRAM sector and strong execution in various markets [3][4]. Group 1: Employment and Operational Changes - Micron has initiated layoffs in its China division, affecting embedded team R&D, testing, and support departments across multiple cities including Shanghai and Shenzhen [1]. - The company has slightly raised its adjusted operating expense forecast to $1.22 billion, up from a previous estimate of $1.20 billion [4]. Group 2: Financial Performance and Market Outlook - Micron has updated its Q4 FY2025 revenue guidance to $11.1 billion to $11.3 billion, an increase from the prior estimate of $10.4 billion to $11.0 billion [3]. - The adjusted gross margin is expected to reach 44% to 45%, up from the previous forecast of 41% to 43% [3]. - The earnings per share forecast has been raised to $2.78 to $2.92, compared to the earlier guidance of $2.35 to $2.65 [3]. Group 3: Market Dynamics and Strategic Investments - The increase in pricing is attributed to supply constraints in HBM production and strong demand from the AI sector, marking a turnaround from previous declining profit margins for memory chip manufacturers [3]. - Micron announced an additional investment of 4.3 billion RMB in Xi'an, which includes the construction of a new packaging and testing facility to enhance its DRAM packaging and testing capabilities [5]. - The new facility in Xi'an is expected to be operational by the second half of 2025, expanding the total area of the plant to over 132,000 square meters [5].