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Micron sees revenue above estimates as demand rises for remote-work devices – Source Reuters Tech News

(Reuters) – Chipmaker Micron Technology Inc (MU.O) forecast current-quarter revenue above analysts’ estimates on Wednesday and said the shift to work-from-home globally due to the coronavirus outbreak is fueling demand for notebooks and data center services.

FILE PHOTO: The logo of U.S. memory chip maker MicronTechnology is pictured at their booth at an industrial fair in Frankfurt, Germany, July 14, 2015. REUTERS/Kai Pfaffenbach/File Photo GLOBAL BUSINESS WEEK AHEAD

Authorities around the world have locked down cities, enforced severe restrictions on travel and encouraged people to stay at home to contain the rapidly spreading virus.

Notebooks that support work-from-home and virtual learning are increasingly in demand, Chief Executive Officer Sanjay Mehrotra said on a post-earnings call with analysts.

The jump in remote work is also powering a surge in demand for data center services.

Mehrotra said data center business in China was boosted by increased gaming, e-commerce and…

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Source Reuters Tech News

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