Due to the production of GDDR6X, Micron's profit fell

Due to the production of GDDR6X, Micron's profit fell
Due to the production of GDDR6X, Micron's profit fell. the decline in the share price of Micron Technology after the publication of the quarterly report was partly caused by a not very optimistic forecast for the current three-month period, which in the company's calendar will end in early December. Production of GDDR6X-type MEMORY still limits Micron's profit margin, as well as migration to the new 3D NAND production technology.

This year, Micron promised to master the production of 128-layer 3D NAND memory with a replacement gate in the cell, but only the next generation of this memory will be released in 2021 calendar year. At the last quarterly conference, the company's chief financial officer, David Zinsner, explained that the first half of fiscal 2021, which has already begun, will be characterized by a decrease in the profit margin. For example, in the current fiscal quarter, it will not exceed 28.5%, although in the previous quarter it reached 34.9 %.
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