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Friday, Jun 28
Thanks to surging mobile demand, Micron (MU +0.4%) is shifting 20K wafers of capacity from DRAM...
Thanks to surging mobile demand, Micron (MU +0.4%) is shifting 20K wafers of capacity from DRAM to NAND flash production, and M&A target Elpida is adding fresh mobile DRAM capacity, Digitimes reports. Also, Rexchip (89%-owned by Micron/Elpida) is believed to be shifting capacity to mobile DRAM. The report comes shortly after IHS predicted the mobile DRAM market will be bigger than the PC DRAM market in 2015 ($11.6B vs. $9.9B), and that DRAM wafer output will drop another 5% in 2013 thanks to consolidation. Meanwhile, Morgan Stanley notes DRAM demand from Asian PC OEMs remains weak, and that inventories are high. The reports also have implications for rivals Samsung (SSNLF.PK) and SanDisk (SNDK). (previous: I, II)