According to the latest report, Micron CEO Sanjay Mehrotra said on an earnings call that the Ukraine crisis is not expected to have an impact on production in the near term, but measures to secure raw material supplies will push up production costs.
Join tip3x on Telegram
Moreover, Reuters quoted analyst Kinngai Chan as saying that the supply gap caused by the Ukraine crisis is not expected to appear until 7 to 9 months later as downstream raw material inventories are depleted.
In the last quarter ended in February this year, Micron’s revenue increased by 24.8% to $7.79 billion, and the company also expects its revenue for the quarter to be $8.7 billion, higher than the average analyst forecast.
