Advertisement
New Zealand markets closed
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NZD/USD

    0.5974
    -0.0031 (-0.52%)
     
  • NZD/EUR

    0.5531
    -0.0012 (-0.21%)
     
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • OIL

    83.04
    +1.69 (+2.08%)
     
  • GOLD

    2,240.40
    +27.70 (+1.25%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • NZD/JPY

    90.3770
    -0.4030 (-0.44%)
     

Micron's NAND Business is Crumbling

Micron's NAND Business is Crumbling

NAND memory chips, used in solid-state drives and smartphones for permanent data storage, make up about one-quarter of Micron's (NASDAQ: MU) revenue. Micron held a 12.3% share in the calendar third quarter, according to TrendForce, putting the company in fourth place. When the company reported its fiscal fourth-quarter results, it disclosed that NAND sales volumes were down by a low-20s percentage from the previous quarter, and that NAND average selling prices were down a mid-to-high single percentage.