As far as Lansheng Technology knows: the global semiconductor giant announced an expanded layoff plan, due to a single quarter loss of 2.3 billion US
According to a report on the 28th local time by MarketWatch, a Dow Jones company's financial website, memory chip maker Micron Technology announced a record quarterly loss due to inventory write-downs of more than $1.4 billion. The report pointed out that Micron Technology’s second-quarter loss was US$2.31 billion, or US$2.12 per share, with sales of US$3.69 billion, lower than the US$7.79 billion in the same period last year. The company's previous largest quarterly loss on a GAAP basis was $1.94 billion in the same quarter in 2003, according to FactSet records. After accounting for stock-based compensation and restructuring costs from recent layoffs, the company lost $1.91 a share, compared with adjusted earnings of $2.14 a year earlier. Sanjay Mehrotra, CEO of Micron Technology, said, "We now believe that customer inventories in several end markets have decreased, and we expect the supply-demand balance to gradually improve in the coming months. Excluding the impa