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Micron Technology, Inc. (NASDAQ: MU) is a leading American semiconductor company, specializing in the production and innovation of memory and data storage solutions. Based in Boise, Idaho, Micron is renowned for its dynamic random-access memory (DRAM), flash memory, and USB flash drives. Micron’s consumer products, such as the Ballistix line of memory modules, are marketed under the Crucial® brand.
As one of the largest semiconductor companies globally, Micron serves a diverse range of markets, including data centers, mobile, consumer electronics, industrial, and automotive applications. The company’s integrated model enables it to oversee the entire production process, ensuring high-quality and innovative solutions. Micron’s DRAM remains the primary revenue driver, with additional contributions from NAND flash memory.
Recent highlights include the introduction of the 4150AT SSD, designed for automotive applications. This SSD boasts enterprise-class speeds and enhanced multi-tasking capabilities, making it ideal for the evolving needs of software-defined vehicles. Micron’s innovation extends to the 2500 SSD, a client SSD that leverages advanced QLC NAND technology to lead in performance and reliability, enhancing everyday computing experiences.
Micron’s strategic investments, buoyed by federal and state incentives such as the $6.1 billion from the CHIPS and Science Act, have paved the way for groundbreaking projects in Idaho and New York. These projects are set to create thousands of jobs and significantly boost U.S. semiconductor manufacturing capabilities.
In the realm of high-capacity memory, Micron has achieved another milestone by shipping its 128GB DDR5 RDIMM memory. This product, powered by the 1β (1-beta) technology, offers superior performance, efficiency, and latency, catering to the demanding needs of data centers and AI applications.
Micron’s commitment to community development is also evident, as demonstrated by its $20 million investment in Community Development Financial Institutions (CDFIs). This initiative aims to bolster financial inclusion and economic opportunities in underserved communities.
For more information about Micron Technology, Inc., visit micron.com.
Micron Technology has begun shipping qualification samples of its 1β DRAM technology to smartphone manufacturers, marking mass production readiness. This next-generation LPDDR5X mobile memory achieves speeds of 8.5 Gb/s with enhancements in performance, bit density, and power efficiency. Key benefits include a 15% improvement in power efficiency and a 35% increase in bit density. The technology aims to enable advanced features in smartphones while consuming less power, crucial for user experience and battery life.
Micron Technology (Nasdaq: MU) and the Micron Foundation have announced a $10 million partnership with the U.S. National Science Foundation (NSF) to invest in semiconductor education at colleges nationwide. This joint investment, with NSF matching Micron's $5 million, aims to develop high-quality curricula and provide professional development for educators, while also offering students experiential opportunities in the semiconductor field. The initiative aims to diversify and strengthen the high-tech workforce, ensuring America's leadership in technology innovation.
Micron Technology plans to invest up to $100 billion over the next 20 years to build a state-of-the-art memory megafab in Central New York, creating nearly 50,000 jobs, including 9,000 high-paying positions within the company. This initiative, supported by New York's Green CHIPS legislation and the federal CHIPS and Science Act, includes a $500 million Green CHIPS Community Investment Fund aimed at workforce development, education, and affordable housing. Commitments extend to minority-owned businesses and sustainable practices, highlighting Micron's dedication to community enrichment and workforce transformation.
Micron Technology announced new firmware for its 7450 NVMe SSD that complies with the Open Compute Project Datacenter NVMe SSD 2.0 specification. This update enhances intelligent management and performance optimization, allowing for rapid resolution of data center issues. The 7450 SSD supports various form factors, including U.2/U.3, E1.S, and M.2, with capacities ranging from 400GB to 15.36TB. The SSD’s features are designed to improve latency and error recovery, addressing the needs of enterprise data centers and cloud-scale operations.
Micron Technology has announced plans to build a $100 billion semiconductor fabrication facility in Clay, New York, which will create nearly 50,000 jobs, including 9,000 high-paying positions at Micron. The investment is the largest in New York's history and aims to increase domestic DRAM production to 40% of the company's output over the next decade. Micron plans to initiate construction in 2024, with about $5.5 billion in incentives from the state. The company also committed to a $500 million community development fund aimed at workforce training and education.
Micron Technology reported fiscal Q4 2022 revenue of $6.64 billion, down from $8.64 billion in the previous quarter and $8.27 billion year-over-year. The company achieved a GAAP net income of $1.49 billion ($1.35 per diluted share) and record full-year revenue of $30.76 billion, up from $27.71 billion in FY 2021. For Q1 2023, Micron expects revenue between $4.00 billion and $4.50 billion. The company is making significant cuts to capital expenditures, nearly 50% compared to last year, to align supply with demand.
Micron Technology has initiated a historic $15 billion investment for a new memory manufacturing facility in Boise, Idaho, marking the first U.S. fab in 20 years. Construction begins early 2023, with DRAM production set for 2025 and ramping up through the decade. This project aims to boost U.S.-based DRAM production to 40% within ten years, creating over 17,000 jobs. The investment is supported by the CHIPS Act and emphasizes supply chain resilience and technological innovation, contributing to the memory market's expected revenue doubling by 2030.
Micron Technology (NASDAQ: MU) announced plans to invest roughly $15 billion through the end of the decade to build a new memory manufacturing fab in Boise, Idaho, marking the first such facility in the U.S. in 20 years. This investment, part of multiple U.S. projects following the CHIPS and Science Act, will create an estimated 17,000 new jobs, including 2,000 direct Micron positions. The fab aims to enhance domestic semiconductor supply for sectors like automotive and data centers, driven by increasing demand for AI and 5G technologies.
Micron Technology, Inc. (Nasdaq: MU) has scheduled its fiscal fourth quarter earnings conference call for September 29, 2022, at 2:30 p.m. Mountain time. The call will be available via live webcast on the company's investor relations website, and replays will be accessible for approximately one year.
Micron is recognized as a leader in innovative memory and storage solutions, focusing on transforming information usage and enhancing life through its DRAM, NAND, and NOR memory products.
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