Focus on further advancing and developing AMS’ award-winning environmental, flow and pressure sensor solutions, for which we see the largest market opportunity in China," said Chris Feige, gas flowmeter for sale Executive Vice President at AMS AG.US chipmaker Micron Technology Inc on Wednesday said it sees a recovery in the memory chip market coming and reported a quarterly profit that beat estimates as cost controls helped offset falling demand and prices, sending its shares up nearly 5 per cent.6 billion and $5 billion for its fiscal third quarter, falling short of analyst expectations of $5.Micron makes NAND storage chips that are used in phones and internet servers as well as DRAM chips that help computer processors communicate with those storage chips.Kinngai Chan, an analyst with Summit Insights Group, said investors were focusing on the outlook for a recovery in the second half of the calendar year, with the fiscal third quarter forecast representing "the bottom for Micron’s near-term sales and gross margin.67, according to IBES data from Refinitiv.
For its fiscal second quarter, Micron generated nearly $1 billion in free cash flow and a profit of $1.82 a year earlier but above Wall Street expectations of $1.Meantime, Micron trimmed its spending plans and said it had idled some factory lines to bring its chip output in line with lower demand, helping keep profits flowing and a share buyback plan on track.The company said it bought back 21 million shares of its common stock for $702 million during the quarter as part of its $10 billion share buyback program, leaving a net cash position of $2. Although it gave a forecast for its fiscal third quarter that was below Wall Street’s expectations, Micron said demand is likely to begin growing again by its fourth quarter.
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