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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 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.
Micron Technology, Inc. (Nasdaq: MU) will hold its fiscal third quarter earnings conference call on June 30, 2022, at 2:30 p.m. Mountain time. This call will be available for live webcast on their investor relations website. Following the call, replays will be accessible for approximately one year.
Micron is a leader in memory and storage solutions, focusing on high-performance DRAM, NAND, and NOR products, serving the data economy and advancing technologies like artificial intelligence and 5G applications.
Micron Technology, Inc. (MU) has announced the launch of two new NVMe solid-state drives (SSDs): the Crucial P3 Plus Gen4 and Crucial P3 Gen3. The P3 Plus boasts impressive read speeds of up to 5000MB/s, while the P3 offers speeds of 3500MB/s. Each SSD can be purchased in capacities of up to 4TB. These products aim to meet the needs of gamers, creatives, and professionals seeking high-performance storage solutions. Availability is expected for summer 2022, enhancing Micron's product portfolio in the competitive SSD market.
Micron Technology, Inc. (Nasdaq: MU) announced a $200M investment in deep tech startups through its Fund II, raising total assets under management to $300M. This initiative is part of Micron Ventures' commitment to fostering innovation, with 20% of the capital aimed at startups led by women and underrepresented groups. Since its inception, the venture capital arm has invested in 25 startups, achieving strong returns and contributing to sectors like AI and sustainability. Such investments provide strategic benefits, enhancing Micron's market capabilities.
Phison Electronics Corp. has announced a strategic collaboration with AMD and Micron to develop a PCIe Gen5 ecosystem, aimed at enhancing gaming and creative experiences. The initiative will feature Phison's PS5026-E26 SSD controller, boasting nearly double the performance of its predecessor while maintaining power efficiency. This collaboration is expected to greatly benefit the global markets for PCs, gaming consoles, and mobile devices due to rising demand for high-speed storage solutions.
Micron Technology (Nasdaq: MU) announces a milestone of surpassing 50,000 lifetime patents, solidifying its status as a leader in technology innovation. This achievement highlights the contributions of over 4,000 team members across 16 countries in Micron’s 43-year history. In 2021, nearly 1,500 employees contributed to a record of 2,600 patent grants, reflecting a growing commitment to diversity in innovation. As the demand for memory and storage surges, Micron aims for the next 50,000 patents to drive future breakthroughs.
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