Micron plans to invest ~$15B in a new memory manufacturing fab in Idaho, spending a total of $40B in the US by 2030, with grants and credits under the CHIPS Act (Yuvraj Malik/Reuters)

Will Feuer / Wall Street Journal:
Citing a weakened market, Micron says wafer production for DRAM and NAND memory chips will be down about 20% over the past quarter; Micron’s stock fall 5%+  —  Company cites market conditions for softening demand  —  Micron MU -5.04%decrease; red down pointing triangle Technology Inc …

Mike Wheatley / SiliconANGLE:
Micron reports Q4 revenue down 25% YoY to $6.64B, from $8.27B, plans to cut total capital spending by 30% YoY and wafer-fab equipment spending by nearly 50% YoY  —  Reporting its fiscal fourth-quarter earnings today,Micron Technology Inc. warned investors that it’s planning to take drastic measures …

Tristan Fiedler / Politico:
NXP Semiconductors’ CEO estimates the EU must invest €500B to hit its goal of a 20% global share in chips by 2030, well short of the EU Chips Act’s €43B package  —  DRESDEN — The leader of one of Europe’s most prominent microchips companies on Thursday warned the bloc’s intended investment …

Yuvraj Malik / Reuters:
Enterprise spending management software maker Coupa agrees to be acquired by PE firm Thoma Bravo for $6.15B in cash, a 30.5% premium on its Friday closing price  —  Private equity firm Thoma Bravo will buy Coupa Software Inc (COUP.O) for $6.15 billion in cash, the business software maker said on Monday.

Ryosuke Eguchi / Nikkei Asia:
Japanese chipmaker Kioxia Holdings and US’ Western Digital open a new ~$6.79B flash memory fab in Mie Prefecture, amid a market downturn for memory chips  —  Chipmaker opts for production cut but bullish on facility investment  —  TOKYO — Japanese chipmaker Kioxia Holdings on Wednesday opened …

Joyce Lee / Reuters:
Samsung Electronics pledges to invest $5B+ in R&D on tech to achieve net zero emissions for its devices business by 2030 and across the company by 2050  —  Samsung Electronics (005930.KS) will invest over 7 trillion won ($5.02 billion) by 2030 as part of sweeping environmental initiatives aimed …