Last year, semiconductor sales showed relative weakness as macroeconomic factors clouded the chip industry’s prospects. Global chip sales totaled $46.6 billion in October 2023, 0.7% less than October 2022. However, a recovery in sales is forecasted for 2024 and beyond.
In line with the broader market slump, Micron Technology, Inc. (MU) posted substantial bottom-line losses in the last reported quarter (the fiscal first quarter ended November 30, 2023). Its non-GAAP net loss and non-GAAP loss per share came in at $1.05 billion and $0.95, compared to $39 million and $0.04 in the year-ago quarter, respectively.
