Micron to exit consumer memory business amid global supply shortage

Dec 3 (Reuters) - Memory chipmaker Micron Technology said on Wednesday it will exit its consumer business, as it doubles down on advanced memory chips used in artificial intelligence data centers amid a ‌global supply shortage of the essential semiconductors.
Shares of the company were down 2.6% in afternoon ‌trading.
Micron's move to dissolve its consumer business comes against a backdrop of worldwide strain in memory supply chains, with tight availability of semiconductors ranging from flash chips used in smartphones to