Micron Technology Inc. Tuesday reported a net loss of $316 million for the fiscal quarter ended Nov. 28, larger than the $266 million net loss for the same period a year ago. The red ink compared with a net loss of $586 million sequentially from the previous quarter.
Sales for the quarter totaled $685 million, up 62% from $424 million for the similar period a year ago.
The net loss included charges for write-downs of inventories of $91 million for the quarter ended Nov. 28, compared with a $174 million write-down for the previous period.
Micron noted that average selling prices per megabit dropped 12% in the quarter from the earlier period. Megabit production was slightly higher due to ramping up the 130-nanometer (0.13-micron) processing. At the end of November, about 40% of Micron DRAM production had shifted to 130nm.
Micron also said early next year the firm will have shifted all production at its Manassas, Va. fab acquired from Toshiba Corp. from trench capacitor technology to Micron's stacked capacitor design. The company said the installation of a 300mm wafer pilot line at the Virginia fab is on schedule, but gave no date for initial silicon.