Welcome to our dedicated page for Micron Technology news (Ticker: MU), a resource for investors and traders seeking the latest updates and insights on Micron Technology stock.
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 (Nasdaq: MU) will participate in a fireside chat at the Deutsche Bank Technology Conference on Thursday, Sep. 1, at 9:00 a.m. Mountain time. The event will be held in Las Vegas. Investors can access live webcasts and replays of the presentation through Micron's Investor Relations website.
Micron Technology (NASDAQ: MU) announced a $40 billion investment in U.S. memory manufacturing, aiming to create approximately 40,000 American jobs by the decade's end. This is the largest investment in U.S. memory manufacturing history, supported by the CHIPS and Science Act. The initiative seeks to enhance national security and supply chain resilience, with production expected to commence in the second half of the decade. Micron aims to increase its domestic memory production from less than 2% to up to 10% of the global market over the next ten years.
Micron Technology (Nasdaq: MU) has announced that executives will participate in a fireside chat at the KeyBanc Technology Leadership Forum, scheduled for August 9, 2022, at 8:30 a.m. Mountain time. The event will be webcast live, providing an opportunity for investors and stakeholders to engage. Following the live session, recordings will be available on Micron's Investor Relations website.
Micron Technology (NASDAQ: MU) applauds the passage of the "Chips and Science" legislation, expressing gratitude to the Biden Administration and bipartisan Congress. This act is pivotal for restoring semiconductor manufacturing in the U.S., expected to generate tens of thousands of jobs and billions in investments. Currently, Micron produces 100% of the U.S.'s 2% share of global memory supply. The legislation offers competitive incentives for Micron to expand domestic memory production, marking a historic chance to innovate and strengthen supply chain resilience.
Micron Technology, Inc. (Nasdaq: MU) has announced the commencement of volume production of the world’s first 232-layer NAND, achieving a breakthrough in storage performance and density. This innovation offers the highest areal density in the industry, with enhanced capacity and energy efficiency compared to previous versions. Notably, the 232-layer NAND supports 2.4 GB/s I/O speed, 50% faster than its predecessor, and features a compact design—28% smaller than earlier generations. Micron aims to facilitate advancements across various sectors, including mobile devices, cloud services, and AI applications.
Micron Technology has launched its new DDR5 server DRAM aimed at boosting performance for AI, HPC, and data-intensive applications. This advanced memory technology nearly doubles the bandwidth of DDR4, achieving JEDEC speeds of 4800MT/s, which is 1.5x faster than its predecessor. The DDR5 modules, supporting up to 64GB, optimize system operations with improved architecture and power management. The new memory is available for commercial and industrial partners, facilitating the adoption of next-gen Intel and AMD platforms and promising an up to 85% increase in system performance over DDR4.
Micron Technology (Nasdaq: MU) reported third-quarter fiscal 2022 results with record revenue of $8.64 billion, up from $7.79 billion in the previous quarter. GAAP net income rose to $2.63 billion ($2.34 per diluted share), compared to $2.00 in Q2. Operating cash flow also increased to $3.84 billion. The company anticipates a revenue forecast of $7.2 billion for the fourth quarter, amid weakening industry demand, and has initiated measures to control supply growth. A quarterly dividend of $0.115 per share was declared, payable on July 26, 2022.
Micron Technology (Nasdaq: MU) has announced the launch of the world's first 176-layer NAND SATA SSD, the Micron 5400, designed specifically for data center workloads. This advanced SSD architecture boasts a 50% increase in reliability compared to competitors. With nearly 20 million SATA units shipped, the Micron 5400 provides superior performance, extended server life, and a wide range of deployment options. It also offers industry-leading endurance and a five-year warranty, supporting enterprise demands expected to exceed 26EB by 2026.
Micron Technology, Inc. (Nasdaq: MU) has announced significant advancements in its embedded product portfolio, showcasing the world's highest-capacity microSD card at 1.5TB, designed specifically for industrial-grade video security. The company has received ISO 26262 ASIL D certification for its LPDDR5 DRAM, positioning it for advanced driver-assistance systems in automotive applications. Micron's new solutions are aimed at meeting the growing demand for reliable memory in various sectors, including industrial automation and smart vehicles, as connected IoT devices proliferate worldwide.
FAQ
What is the current stock price of Micron Technology (MU)?
What is the market cap of Micron Technology (MU)?
What products does Micron Technology, Inc. specialize in?
Where is Micron Technology headquartered?
What is the latest innovation from Micron for automotive applications?
What are the key features of Micron's 2500 SSD?
How is Micron contributing to the U.S. semiconductor industry?
What is Micron's 128GB DDR5 RDIMM memory used for?
How is Micron involved in community development?
What brands fall under Micron's consumer product portfolio?
What federal support has Micron received for its U.S. projects?
Where can I find more information about Micron Technology, Inc.?
