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Micron makes a statement with the latest clue about its cash windfall
MarketWatch • • business
Key Points:
- Micron Technology has announced an additional $33 billion authorization for share repurchases, increasing its total buyback authorization to $35.16 billion.
- This move signals Micron's intention to be more generous with buybacks compared to some of its major industry peers.
- Due to funding received from the Chips and Science Act in 2024, Micron has been restricted from repurchasing shares until December 2024.
- Investors are anticipating the resumption of Micron's share repurchase program after a two-year hiatus.
