(Reuters) – Semiconductor firm Micron Technology Inc on Wednesday lowered its 2023 forecast for supply of its memory chips, saying it needed to shrink supply in order to adjust to weak demand.
Micron expects year-on-year supply growth to be negative for its DRAM memory chips and in the single-digit percentage range for its NAND memory chips.
(Reporting by Eva Mathews in Bengaluru; Editing by Shounak Dasgupta)
