(AOF) – Computer memory maker Micron is expected to rise sharply on the back of good results and favorable outlook. In the first quarter, ended in early December, Micron generated net income of $ 2.3 billion, or $ 2.04 per share, compared to $ 803 million and 71 cents, respectively, a year earlier. Adjusted earnings per share came in at $ 2.16, beating Refinitiv’s consensus of $ 2.111. Revenue increased 33.1% to $ 6.69 billion as the market targeted $ 7.67 billion.
In the second quarter, he is averaging income of $ 7.5 billion and adjusted earnings per share of between $ 1.85 and $ 2.05, or an average forecast of $ 1.95. The market targets 7.32 billion dollars and 1.86 dollars respectively.
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Professional electronics: market under tension
According to the WSTS (World Semiconductor Trade Statistics), the global semiconductor market is even expected to grow 8.4% in 2021 for a market under extreme stress.
Excellent outlook
While demand is growing faster than global growth, supply is very limited. Three players dominate the sector (the Taiwanese TSMC, the American Intel and the Korean Samsung) whereas they were more than twenty in 2002. Analysts predict that they will be down to two from 2023. The United States represent only 12% of world production according to the Semiconductor Industry Association. As for Europe, it weighs only 7%. It aims to produce 20% of semiconductors in the world by 2030. Sixteen countries, including France and Germany, will unite to develop production capacities.
TSMC (the Taiwan Semiconductor Manufacturing Company) is very well positioned to take advantage of the arrival of 5G and connected objects. “Founder”, it does not sell any chip under its brand, but produces the components on behalf of other players.
The Middle East ESC
Still relatively unknown compared to the Consumer Electronics Show (CES), the Gitex (Gulf Information Technology Exhibition) in Dubai has existed since 1981 and attracts around 100,000 visitors per year. Even if it wants to compete with CES in Las Vegas, and the region is a very tech-savvy market, Gitex remains, despite its internationalization, still a regional hub for technology. CES covers the United States, North America and Europe at the same time, while Gitex covers the Middle East, Africa and South Asia in 2021. at the same time as the Dubai World Expo. France was the second most represented country, behind Italy.