This Kanpur-born Indian-origin CEO promises to invest $100 bn, create 50,000 jobs in New York

Kanpur-born Indian-origin CEO of Micron Technology, Sanjay Mehrotra, has pledged an investment of $100 billion over 20-plus years and creation of thousands of jobs in New York. Mehrotra said in a LinkedIn post that he met US President Joe Biden, and showcased the future plans of his company and the creation of the largest semiconductor … Read more

Semiconductor Stocks Tumble After U.S. Announces New Chip Restrictions

We’ve detected you are on Internet Explorer. For the best experience, please update to a modern browser. We’ve detected you are on Internet Explorer. For the best experience, please update to a modern browser.GoogleFirefox This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients … Read more

Micron Issues Another Muted Outlook After Missing Expected Sales Results

Memory-chip maker Micron MU -1.94% Technology Inc. issued another subdued revenue outlook after failing to meet its sales expectations in the latest quarter, in a further sign demand for consumer electronics is slumping. “An unprecedented confluence of events has affected overall demand,” Chief Executive Sanjay Mehrotra said in a statement, citing Covid-19 related lockdowns in … Read more

Apple Stock Drops on Report iPhone Production Hike Scrapped, Chip Stocks Hit Too

Shares of Apple and its key suppliers fell Wednesday on a report that said the tech giant was scrapping plans to increase production of its latest iPhones this year due to weaker-than-expected demand. Apple (ticker: AAPL) stock was down 3.9% in premarket trading and shares in some of the company’s U.S. suppliers also were under … Read more

September Was Bad for Investors. October Could Be Worse.

Text size Market chaos has hit stocks, bonds, commodities, currencies, and futures. It’s hard to see it ending soon. Michael M. Santiago/Getty Images It’s a bumpy, volatile, no good, very bad market out there. Stocks, bonds, commodities, currencies, and futures have been moving violently from day to day—and there’s probably more whiplash ahead The S&P … Read more