JUMP REPORT
| Avg Daily Volume: 19,498,948 Market Cap: 56.68B Sector: Technology Short Interest: None |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .47/share REV: 5,010/M
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LAST QTR: EPS: .49/share ACTUAL: .56/share (BEAT)
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NEXT QTR: EPS: .41/share REV: 4,718/M
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FULL YR: EPS: 2.43/share REV: 20,550/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 60% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -11.7, 15.08, 10.16
EXPECTED JUMP MOVE: 10-15
Links To Latest News and Headlines
So much for Wednesday’s bounce. The S&P 500 tumbled to bear market lows as Apple, Tesla and CarMax sold off. Nike plunged late on inventory woes.
Japan will give Micron Technology a subsidy of up to 46.5 billion yen ($320 million), the trade and industry ministry said on Friday, to help build advanced memory chips at its Hiroshima plant, as the U.S. chipmaker trims capital investment elsewhere. The financial aid announcement, which follows the visit to Japan by U.S. Vice President Kamala Harris, is the latest example of growing cooperation between Washington and Tokyo in chip manufacturing amid increasing tension and an intensifying technology rivalry with China. “Micron appreciates the support of the Japanese government, and are proud to be a global partner in Japan’s effort to expand semiconductor production and advance innovation,” Micron’s executive vice president of global operations, Manish Bhatia, said in a press release.
TOKYO (Reuters) -Japan will give Micron Technology a subsidy of up to 46.5 billion yen ($320 million), the trade and industry ministry said on Friday, to help build advanced memory chips at its Hiroshima plant, as the U.S. chipmaker trims capital investment elsewhere. The financial aid announcement, which follows the visit to Japan by U.S. Vice President Kamala Harris, is the latest example of growing cooperation between Washington and Tokyo in chip manufacturing amid increasing tension and an intensifying technology rivalry with China. “Micron appreciates the support of the Japanese government, and are proud to be a global partner in Japan’s effort to expand semiconductor production and advance innovation,” Micron’s executive vice president of global operations, Manish Bhatia, said in a press release.
Japan will provide U.S. chipmaker Micron Technology with subsidies of up to 46.5 billion yen ($320 million) in investment support so it can build advanced memory chips at its plant in Hirsohima, the Chugoku Shimbun newspaper reported on Friday. The financial aid, which follows the visit to Japan of U.S. Vice President Kamala Harris, is the latest example of growing cooperation between Washington and Tokyo in building up their chip manufacturing industries amid growing tension with China. Japan in July said it was giving 92.9 billion yen to U.S. firm Western Digital Corp and local partner Kioxia Holdings to boost memory chip output at a Japanese plant.
Micron Technology Inc. executives, who warned about a semiconductor downturn in late June, on Thursday described a worse-than-expected drop in business as “sharp and sudden.”
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