CITIC Securities: Micron shuts down its embedded team in China, optimistic about the development opportunities of domestic module factories.

CITIC Securities pointed out that Micron's China region has started layoffs, mainly involving the embedded team, and at the same time, it will stop future mobile NAND development globally. This is expected to accelerate domestic storage solution manufacturers in gaining market share in the domestic embedded and mobile NAND markets; coupled with the improvement in industry prospects, it is optimistic about the short-term profit release and long-term growth space of manufacturers.