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Western Digital lowered wafer starts in January, and we remain flexible in adjusting the magnitude and duration to restore our flash supply and demand balance
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2023 Q2
1 Feb 23
Our initial estimate is for flash demand bit growth to be in the low 20% range with production bit growth to be well below that of demand.
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2023 Q2
1 Feb 23
for calendar year 2023, we expect reduced capital investment and lower utilization in response to the new demand environment
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2023 Q2
1 Feb 23
Driven by the lower customer demand forecast in enterprise and client SSDs, we anticipate bit shipments to decline in the fiscal third quarter and return to growth in the fiscal fourth quarter.
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2023 Q2
1 Feb 23
a reduction in commercial PC demand is expected to impact client SSD shipments in the near term
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2023 Q2
1 Feb 23
During the fiscal second quarter, our HDD revenue declined significantly as cloud inventory digestion intensified, while demand for retail and client HDD improved.
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2023 Q2
1 Feb 23
commercial PCs are now being impacted by tightening budgets and spending across corporations, which is negatively affecting client SSD shipments
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2023 Q2
1 Feb 23
In cloud, we experienced a decline in nearline shipments as our customers were undergoing inventory digestion and ongoing subdued China demand.
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2023 Q2
1 Feb 23
Demand for consumer-oriented products stabilized as we discussed in October. In Consumer, we experienced a seasonal uptick across both Flash and HDD. In client, channel demand for both SSD and HDD have improved.
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2023 Q2
1 Feb 23
we have decreased supply bid growth across both Flash and HDD. In Flash, we reduced wafer starts by 30% in January.
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2023 Q2
1 Feb 23
challenging flash pricing environment and larger-than-expected ACD underutilization that pressured gross margins
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2023 Q2
1 Feb 23
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