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By Akash Sriram and Stephen Nellis
(Reuters) -Micron Know-how Inc on Monday delivered stronger quarterly outcomes than Wall Avenue anticipated as knowledge facilities and electrical car producers drove demand for its chips, and it forecast second-quarter gross sales and earnings may also beat estimates with chip shortages easing in 2022.
Micron additionally disclosed that it has struck offers with its personal suppliers to ease bottlenecks in its provide chain.
The corporate makes each the NAND reminiscence chips that serve the information storage market and the DRAM reminiscence chips which can be broadly utilized in knowledge facilities, private computer systems and different gadgets. Micron shares rose 5.7% to $87.70 in prolonged buying and selling after the outcomes.
Sturdy demand and an industry-wide scarcity of the chips have additionally allowed Micron, one of many world’s greatest reminiscence chip suppliers, to cost …
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