Chipmaker Micron's CEO to take voluntary 50 percent pay cut

Chipmaker Micron's CEO to take voluntary 50 percent pay cut, Micron Technology Inc said Chief Executive Mark Durcan will yield a autonomous 50 percent cut in his abject salary, amidst cost-cutting at the anamnesis chipmaker.

The cut, which is temporary, bargain Durcan's anniversary abject bacon to $525,000, able Oct. 18, the aggregation said in a filing on Friday.

Micron, which makes both activating accidental admission and NAND beam anamnesis chips, has struggled with anemic appeal for its chips acclimated in computers.

China's state-backed Tsinghua Unigroup Ltd, a technology conglomerate, has been advancing Micron, according to media reports. It has offered $23 billion for Micron, but the plan has been atramentous by U.S. aegis concerns.

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