Micron Technology Inc - MU STOCK NEWS

Micron Technology (MU) announced that its LPDDR5X memory and UFS 4.0 storage solutions are featured in select Samsung Galaxy S25 series devices. The company is introducing its most power-efficient LPDDR5X memory to date, delivering over 10% power improvement. This advancement supports Samsung's new multimodal AI agents that process text, speech, images, and videos.

The integration is important as smartphone AI capabilities increasingly rely on edge device processing rather than cloud computing, requiring enhanced memory and storage capacity. Micron's UFS 4.0 storage offers high-capacity local data storage for improved security, while the new LPDDR5X memory's power efficiency is achieved through advanced 1β process technology and design optimizations that enable lower operating voltages.

This announcement follows Micron's previous validation for the Snapdragon® 8 Elite Mobile Platform and integration in Samsung's Galaxy S24 series, demonstrating the company's ongoing collaboration in enabling AI-capable smartphones.

Micron Technology (MU) has unveiled the Micron 4600 PCIe Gen5 NVMe SSD, its first Gen5 client SSD that doubles the performance of its predecessor. The new drive features sequential read speeds of 14.5 GB/s and write speeds of 12.0 GB/s, enabling large language model loading in less than one second.

The 4600 SSD demonstrates significant improvements over Gen4 SSDs, including up to 62% faster AI model loading times and 107% better energy efficiency. The drive is compatible with AMD's Ryzen 9000 Series and Intel Core Ultra processors, and has received validation from major manufacturers including Lenovo.

Key performance metrics include 2.1 million random read and write IOPS, up to 38% better PCMark 10 benchmark scores than Gen4 SSDs, and significant speed improvements in various applications: 61% faster for media and entertainment, 59% for energy industry, 45% for product development, and 38% for life sciences applications.

Micron Technology (MU) has announced that its executives will be participating in the Wolfe Research Auto, Auto Tech and Semiconductor Conference in New York. The presentation is scheduled for Wednesday, February 12, at 6:50 a.m. Mountain time. The company will provide live webcasts of the presentations, which will be accessible through Micron's Investor Relations website at investors.micron.com/, along with subsequent replay options.

Micron Technology (MU) has broken ground on a new High-Bandwidth Memory (HBM) advanced packaging facility in Singapore, representing an investment of approximately $7 billion through the end of the decade. The facility, the first of its kind in Singapore, is scheduled to begin operations in 2026, with significant capacity expansion planned for 2027 to meet growing AI demands.

The investment will initially create 1,400 jobs, with plans to expand to 3,000 positions, including roles in packaging development, assembly, and test operations. The facility will strengthen Singapore's semiconductor ecosystem and feature sustainable technologies including greenhouse gas abatement, water recycling, and waste circularity measures. The building will be highly automated with AI-based solutions and designed to meet LEED certification requirements.

Additionally, Micron plans to support long-term NAND manufacturing requirements in Singapore, with flexibility in managing capacity ramps for both HBM and NAND facilities based on market demand.

Micron Technology (MU) announced expansions to its Crucial consumer memory and storage portfolio, introducing the high-speed Crucial P510 SSD and expanding options across its DRAM portfolio. The P510 delivers read/write speeds of up to 11,000/9,550 MB/s with Gen5 performance, consuming 25% less power than previous generations.

The company unveiled several product updates including: the P510 SSD in 1TB and 2TB options with integrated heatsink; a heatsink version of the P310 2280 SSD compatible with PlayStation 5; new 32GB density options for Crucial DDR5 Pro OC Gaming Memory; 64GB Crucial DDR5 Pro Plug-and-Play Memory at 5,600 MT/s; expanded CUDIMM and CSODIMM solutions; and new 64GB density Classic DDR5 Memory options.

Pure Storage (NYSE: PSTG) announced an expanded strategic collaboration with Micron Technology to develop high-capacity, energy-efficient storage solutions for hyperscale data centers. The partnership will utilize Micron's G9 QLC NAND technology in Pure Storage's future DirectFlash® Module products, building on their decade-long relationship that includes seven generations of NAND integration.

The collaboration addresses three critical data center challenges: energy efficiency, storage density, and performance. Pure Storage's 150TB DirectFlash Module, which currently uses Micron's G8 QLC NAND, demonstrates their joint capability to deliver massive drive capacities with high performance and low latency.

The partnership aims to provide improved performance with lower latency, sustainable solutions with reduced energy consumption, and rack-dense scalable solutions at a reduced total cost of ownership compared to traditional hard drive-based storage solutions.

Micron Technology (MU) has appointed Mike Cordano as executive vice president of worldwide sales, effective immediately. Cordano succeeds Mike Bokan, who previously announced his retirement plans for fiscal 2025 after serving over 28 years with the company.

Cordano brings 30 years of executive leadership experience, including 8 years at Western Digital where he served as President and Chief Operating Officer. He also held leadership positions at Hitachi Global Storage Technology and was most recently Founder and Partner of Prime Impact Capital. He will report directly to CEO Sanjay Mehrotra.

Under Bokan's leadership, Micron achieved record revenue in its most recent fiscal quarter. Bokan will support Cordano during a transition period over the next several months to ensure continuity.

Micron Technology (MU) reported strong fiscal Q1 2025 results with record revenue of $8.71 billion, up from $7.75 billion in the previous quarter and $4.73 billion year-over-year. Data center revenue grew over 40% sequentially and over 400% year-over-year, surpassing 50% of total revenue for the first time.

The company posted GAAP net income of $1.87 billion ($1.67 per share) and non-GAAP net income of $2.04 billion ($1.79 per share). Operating cash flow was $3.24 billion. Gross margin improved to 38.4% GAAP and 39.5% non-GAAP. For Q2 2025, Micron expects revenue of $7.9 billion (±$200 million) with diluted EPS of $1.26 GAAP and $1.43 non-GAAP.

Micron Technology (MU) has scheduled its fiscal first quarter earnings conference call for Wednesday, December 18, 2024, at 2:30 p.m. Mountain time. The company will broadcast the call live via webcast on their investor relations website. Replay access will be available for approximately one year after the call through the same platform.