Business
Micron’s Results Show a Cyclical Business is Smoothing Out
But more importantly, Micron’s shift to long-term agreements with customers gives the group a more stable earnings profile, and makes it less vulnerable to sharp swings in demand, the head of technology research said. “These long-term agreements effectively put a ceiling and a floor on pricing and commit customers to taking supply, which smoothes what has historically been a highly cyclical market.”
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