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Micron reports Q1 revenue down ~47% YoY to $4.09B and plans to reduce its workforce by ~10% over the next year; Micron had 48,000 employees in September 2022 (Ian King/Bloomberg)

December 21, 2022
Photo of Micron reports Q1 revenue down ~47% YoY to $4.09B and plans to reduce its workforce by ~10% over the next year; Micron had 48,000 employees in September 2022 (Ian King/Bloomberg)

[ad_1] Ian King / Bloomberg: Micron reports Q1 revenue down ~47% YoY to $4.09B and plans to reduce its workforce…

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Technology

Seagate misses Q1 estimates with $2.04B revenue and plans to cut around 3,000 jobs to reduce costs amid slowing demand; stock drops 9%+ and is down ~50% YTD (Ian King/Bloomberg)

October 26, 2022

[ad_1] Ian King / Bloomberg: Seagate misses Q1 estimates with $2.04B revenue and plans to cut around 3,000 jobs to…

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Technology

Sources: Qualcomm is planning a return to the server processors market and is seeking customers, including AWS, for a chip stemming from its purchase of Nuvia (Ian King/Bloomberg)

August 18, 2022

[ad_1] Ian King / Bloomberg: Sources: Qualcomm is planning a return to the server processors market and is seeking customers,…

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Technology

Experts say the chip market is facing an "inventory correction", which could be the worst downturn in a decade, as the global economy weakens and demand fades (Ian King/Bloomberg)

August 16, 2022

[ad_1] Ian King / Bloomberg: Experts say the chip market is facing an “inventory correction”, which could be the worst…

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Technology

GlobalFoundries beats estimates with $1.94B in Q1 revenue, up 37% YoY, and projects $1.96B-$1.99B in Q2 revenue; stock is down 19% in 2022 amid a global selloff (Ian King/Bloomberg)

May 11, 2022

[ad_1] Ian King / Bloomberg: GlobalFoundries beats estimates with $1.94B in Q1 revenue, up 37% YoY, and projects $1.96B-$1.99B in…

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Technology

Sources: SoftBank expects to retain a controlling stake in Arm and sell a smaller portion of shares than originally expected in Arm's planned IPO (Ian King/Bloomberg)

April 22, 2022

[ad_1] Ian King / Bloomberg: Sources: SoftBank expects to retain a controlling stake in Arm and sell a smaller portion…

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Technology

Internal memo: Arm to cut up to 1,000 jobs, or 15% of its workforce in the UK and US, before its IPO; source says most of the cuts won't affect engineers (Ian King/Bloomberg)

March 15, 2022

[ad_1] Ian King / Bloomberg: Internal memo: Arm to cut up to 1,000 jobs, or 15% of its workforce in…

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