Julie Morgan
👤 SpeakerAppearances Over Time
Podcast Appearances
It's good to be with you on this Monday, March 16th.
Stock index futures are higher on this Monday.
The Nasdaq is up 0.4%, the S&P 500 is up 0.3%, and the Dow is up a tiny fraction.
Crude oil futures are at $100 and Brent futures are at $104 as of the time of this recording.
Bitcoin is up 0.4% at $73,000 and gold is down 0.7% at $49.85.
Micron Technology is on our biggest movers list this morning.
MU is up 4.2% in pre-market action.
Micron Technology announced plans to build a second chip manufacturing facility at its newly acquired site in Taiwan.
The site includes approximately 300,000 square feet of existing cleanroom space,
and will support the company's efforts to expand the supply of DRAM products, including HBM, to meet growing AI-driven demand.
The expansion follows the completion of its $1.8 billion acquisition from Powerchip Semiconductor Manufacturing announced in January.
The new site is expected to support product shipments from the existing FAB beginning in fiscal 2028.
The construction of a second facility of comparable scale, which will add approximately 270,000 square feet of cleanroom space, is set to begin by the end of fiscal 2026.
Foxconn, the world's largest contract electronics maker, reported a 2% decline in fourth quarter profit on Monday, compared with the same period last year, falling short of expectations.
Reuters reported that net profit for the October to December period was $1.42 billion.
Foxconn's guidance for both the first quarter and full year revenue are for strong growth, the highest outlook the company can give as it does not provide a numeric outlook.
The electronics giant said it also expected first-quarter revenue for smart consumer electronics to see significant growth year-on-year.
The chairman earlier this month said everyone will feel the impact on prices of oil and raw materials if the U.S.-Israeli conflict with Iran continues.
The Apple and Nvidia supplier has said visibility into the first quarter of 2026 aligns with market expectations.