Summary
Micron Technology, Inc. (MU) filed an 8-K on April 10, 2024, providing an update on the impact of the April 3, 2024 earthquake in Taiwan. The company confirmed that all employees are safe and there is no permanent damage to its facilities, infrastructure, or tools. Micron's long-term DRAM supply capability remains unaffected. While fab activity is recovering well, the company is not yet at full DRAM production. Micron estimates the earthquake will result in a temporary impact of up to a mid-single digit percentage reduction in calendar quarter-level DRAM supply.
Key Highlights
- 1All Micron employees in Taiwan are reported safe following the April 3, 2024 earthquake.
- 2No permanent damage to Micron's facilities, infrastructure, or tools in Taiwan.
- 3Long-term DRAM supply capability is not expected to be impacted.
- 4Micron's fab activity in Taiwan is recovering well.
- 5The company is currently not at full DRAM production capacity.
- 6Estimated impact on calendar quarter-level DRAM supply is up to a mid-single digit percentage reduction.
- 7Investments in robust and resilient infrastructure are credited with aiding the recovery.