Micron Cuts DRAM and NAND Output to Lessen Price Drops

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Due to rapidly deteriorating demand for commodity memory and dropping prices, Micron is cutting down wafer starts for 3D NAND and DRAM immediately by 20% compared to the previous quarter. The company now expects its 3D NAND bit output to grow insignificantly in the next calendar year, while its DRAM bit output will be reduced in 2023. 

In a bid to address slowing demand for 3D NAND and DRAM memory, Micron is reducing wafer starts by approximately 20% compared to the fourth quarter of fiscal 2022, which ended on Sept. 1, 2022. The reductions will be made across all technology nodes that Micron uses for high-volume production, so essentially the company is cutting down output of virtually all types of its products.  

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