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Original headline: Elon Musk Says Micron Is Making a ‘Smart Move’ on Memory. Micron Stock Falls Anyway.
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Related news
- Micron Stock Falls Again but Musk Says It’s Making a ‘Smart Move’ on Memory
- Micron Stock Keeps Sliding but Musk Says It's Making a 'Smart Move'
- 'Smart move': What Elon Musk had to say about Micron
Yahoo Finance's Brian Sozzi discusses SpaceX CEO Elon Musk's post on X praising Micron for being reasonable on future memory prices while others have been extortionate. Sozzi speculates Micron may be offering favorable pricing to Musk's companies, including SpaceX, Tesla and Boring Company, which could mean lower profits for Micron given the memory chip shortage. He links this to Goldman Sachs' view that memory chip price growth may slow next year and that prices may already be near a peak.
- Elon Musk Admits He Has ‘No Idea How to Make Microchips.’ He’s Building a $15 Billion Chip Factory Anyway.
Elon Musk told customers and investors at the X Takeover event that he has “no idea how to make microchips” but that “we'll figure it out.” He is preparing a semiconductor factory called Terafab in Texas, a venture involving Tesla and SpaceX with Intel participating, with an initial investment exceeding $15 billion and about 3,000 expected jobs. Musk says his companies can eventually outperform TSMC, Samsung and Intel, starting with conventional equipment and modifying it to speed up production, though this could take several years. He also called semiconductor manufacturing “one of the hardest things to do in the world.”
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SpaceX (SPCX) is moving into the telecom market, and the article says it throttled many wireless carriers including AT&T, T-Mobile and Verizon last week, leaving their shares slow to recover. The view that Starlink will quickly crush these carriers is unrealistic, since building a wireless network would likely cost hundreds of billions of dollars. Pivotal Research argues the deeper reason is that this push helps fund a private mesh network for Tesla's cyber cabs, robots and other devices, with each added fixed Starlink customer making that mesh denser. The host suggests Musk wants control over his own broadband capacity and must buy spectrum to support a future of millions of robots and cyber cabs.
- Micron Stock Falls Again as Musk Issues Chinese Memory Warning
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