What Investors Should Know about Micron’s 2019 Capex
It’s cut its fiscal 2019 capex by $1.25 billion from $10.5 billion to $9.25 billion. On Micron’s fiscal 2019 first-quarter earnings call, CEO Sanjay Mehrotra stated that the company remains focused on improving its cost-competitiveness and increasing the mix of its high-value memory solutions. Mehrotra explained that Micron had increased its capex by 87% in 2018 as the company shifted its spending toward building facilities and clean room space, which is required to accelerate its future technology transition.