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 (Mike Wheatley/SiliconANGLE)

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 …

Bloomberg:
Source: NSO Group, which has ~$400M in debt, cut 15% of its workforce and raised prices by ~20% after a potential sale to defense contractor L3Harris collapsed  —  Embattled spyware maker NSO Group is taking drastic steps to pacify creditors holding around $400 million in debt as it waits …

Mike Wheatley / SiliconANGLE:
Meta plans to hand over control of its PyTorch AI framework to the Linux Foundation’s new PyTorch Foundation, which includes Meta, Google, AMD, Azure, and AWS  —  Facebook parent company Meta Platforms Inc. announced today that it’s handing over control of the popular PyTorch artificial intelligence platform …

Mike Wheatley / SiliconANGLE:
Fortanix, which offers enterprise encryption tools for data being processed, raised a $90M Series C led by Growth Equity, bringing its total funding to $122M  —  Cybersecurity startup and confidential computing pioneer Fortanix Inc. said today it has closed on a bumper $90 million round of funding …

Mike Wheatley / SiliconANGLE:
France-based Gravitee.io, a popular open-source API management service, raised $30M led by Riverside Acceleration Capital, bringing its total funding to $41M  —  Gravitee Topco Ltd., the creator of a popular application programming interface management service, is feeling richer today after closing on a $30 million funding round.

Maria Deutscher / SiliconANGLE:
Gartner forecasts public cloud spending will grow 20.7% to $591.8B in 2023, including SaaS spending up 16.8% to $195.2B and PaaS spending up 23.2% to $136.4B  —  Worldwide spending on public cloud services will grow 20.7% in 2023, to $591.8 billion, according to a new Gartner Inc. forecast released today.