By Stephen Nellis
(Reuters) – Memory chip maker Micron Technology Inc on Monday said it would shift how it returns cash to shareholders, buying up more shares when prices are low, fewer when prices are high and instituting a dividend for the first time.
Micron makes DRAM and NAND memory chips, which are needed for nearly all computing systems and whose price can fluctuate widely based on global supply and demand. This can cause swings in profits – and share prices – at most memory…
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