Tag: AIrelated

Micron lifts 2024 capex forecast on rising investment in AI-related chips

(Reuters) – Micron Technology on Tuesday slightly raised its capital expenditure forecast for 2024, as the U.S. chipmaker invests heavily to make high bandwidth memory (HBM) semiconductors to meet surging demand from the AI industry. WHY IT’S IMPORTANT Boise, Idaho-based Micron is one of the three large providers of HBM chips, an essential part of […]