Micron flags $22 billion memory-chip commitments as Qualcomm targets $15 billion data-center sales by 2029, lifting Asian stocks

Micron said it has secured $22 billion in customer commitments for memory chips, while Qualcomm forecast $15 billion in data center sales by 2029. The upbeat outlook helped propel tech-heavy markets higher, with Japan’s Nikkei 225 rising more than 4% and South Korea’s KOSPI up 5.5%. The report also noted oil prices eased after tanker traffic cleared through the Strait of Hormuz, though it said this did not reflect a material change in crude supply and demand.