Micron Technology (MU)

[JLS]

From MU's latest presentation:

My emphasis in parenthesis.

DRAM: (the stuff you have on a card in your computer)
CY-18 Industry bit output growth in the 20% range;
CY-18 Micron bit output growth in-line with Industry.

NAND (2D and 3D):
CY-18 Industry bit output growth somewhat higher than 45%;
CY-18 Micron bit output growth somewhat above Industry.

From elsewhere:
Wafer Shortages and DRAM/NAND
March 12, 2018 | By Jim Handy
http://tinyurl.com/y7f52je5

Recently I have been hearing concerns that an impending wafer shortage might drive today’s DRAM and NAND flash shortages to epic proportions.

The Memory Guy doesn’t pretend to have any understanding of the raw wafer business, so I decided to consult Mark Thirsk, managing partner of Linx Consulting. Mark has been in this industry for quite a while and has a very good understanding of the ongoing status of the semiconductor materials supply chain.

Mark and I were on a panel together at SEMICON Korea in February, and he presented an interesting chart to compare the costs of different technologies. I asked him about this chart as well.

Here’s what Mark had to say:

"Our information is that major tier 1 manufacturers have secured contracts, but that the wafer suppliers are being careful offering the same terms to tier 2 fabs. I would put all the DRAM and NAND flash companies in tier 1. Supply and demand for 300mm and 200mm wafers are close to balance, and there is not too much upside on wafer capacity. We suspect wafer supplier SEH will match announced Sumco expansions, but we are talking low single-digit capacity growth, which may be a brake on industry MSI growth in 2018 which we have at >7%."