secwatch.observer — SEC 8-K summary
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Issuer:     MICRON TECHNOLOGY INC (MU)
CIK:        0000723125
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0000723125-22-000056
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Micron cuts DRAM/NAND wafer starts 20%; sees negative DRAM bit supply growth in CY2023
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- Reducing DRAM and NAND wafer starts by approx. 20% vs fiscal Q4 2022 across all technology nodes.
- Additional capex cuts planned; expects year-on-year DRAM bit supply negative, NAND single-digit % in CY2023.
- CEO Sanjay Mehrotra cites near-term cyclical challenges but remains confident in long-term secular demand drivers.
- Market outlook for calendar 2023 has weakened; company aims to significantly improve total inventory in the supply chain.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723125/000072312522000056/0000723125-22-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723125/000072312522000056/mu-20221116.htm
  HTML page:      https://secwatch.observer/filing/0000723125-22-000056

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