Micron to buy back up to $10 billion of shares

Micron to buy back up to $10 billion of shares

Micron to buy back up to $10 billion of shares

 

((Reuters) – Micron Technology Inc said in the first day of the week, in fact that will repurchase up to $ 10 billion of its own promotions, or within 16 % of the market price of the company that is preparing its most tremendous ransom chip maker memory.

 

Over the past 12 months, the company’s promotions have almost doubled. They rose 4.3 percent to $57.89 in expanded trade.

 

This step follows the not so long ago announced intentions of the company to return at least 50% of the free currency jet to shareholders, starting from the proper year, Micron said.

 

Separately, the company announced a deal with Intel Corp for the production and shipment of flash memory chip 3D NAND the highest density in the world.

 

The micron, which contains a market price of around $ 62 billion, has further raised personal monitoring of gains and profits in the 3rd quarter earlier in the first day of the week, citing healthy circumstances in the branch.

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