Micron expects third-quarter fiscal 2025 revenue of US$8.6-9 billion with gross margins approaching 37.5%, while Kioxia plans a 25% capex cut to regain profitability. Despite rising orders, suppliers remain cautious, curbing stockpiling to prevent overheating. With inventories tightening, contract prices are projected to rise further into the second quarter. Intel CEO Lip-bu Tan charts lean turnaround with AI and foundry in focus At Intel Vision on March 31, new CEO Lip-bu Tan outlined a practical strategy to refocus Intel on its core business, spin off non-essential units, and rebuild its foundry operations. He plans to streamline execution by reducing bureaucracy, empowering smaller teams, and ramping up AI-driven design. The 18A node will enter mass production in the second half of 2025, led by Panther Lake, with 14A development underway.