Micron lifts 2024 capex forecast on rising investment in AI-related chips

Micron lifts 2024 capex forecast on rising investment in AI-related chips

May 21, 2024 / Riah Marton /



Micron Technology on Tuesday (May 21) slightly raised its capital expenditure forecast for 2024, as the US chipmaker invests heavily to make high bandwidth memory (HBM) semiconductors to meet surging demand from the AI industry.

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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