Micron Aims to Stabilize Memory Industry with Long-Term Contracts
Micron Technology (MU) reported strong Q3 results and raised its current quarter outlook due to high demand for memory chips. To avoid the traditional boom-bust cycle in the industry, Micron is introducing long-term customer contracts lasting up to five years.
Tickers: $MU
Topics: AI Demand Boom-Bust Cycle Long-Term Contracts Memory Industry