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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, Inc. (Nasdaq: MU) has announced its fiscal fourth quarter earnings conference call scheduled for September 28, 2021, at 2:30 p.m. Mountain time. The call will be available via webcast and will be accessible for replay on its Investor Relations website for one year. Micron is a leader in memory and storage solutions, driving advancements in technology such as artificial intelligence and 5G applications, and commits to providing high-performance products through its Micron® and Crucial® brands.
Micron Technology (Nasdaq: MU) announced its participation in two upcoming investor events. Chief Financial Officer David Zinsner will join a fireside chat at the KeyBanc Virtual Technology Leadership Forum on August 10 at 11:20 a.m. MT. Chief Business Officer Sumit Sadana will engage in a fireside chat at the BMO Technology Summit on August 24 at 9:00 a.m. MT. Live webcasts and replays will be available on Micron's Investor Relations website.
Micron is a leader in memory and storage solutions, supporting advancements in AI and 5G applications.
Micron Technology (Nasdaq: MU) has launched the Crucial P5 Plus PCIe SSD, offering high-speed storage tailored for demanding users in gaming, video editing, and engineering. This SSD utilizes PCIe 4.0 NVMe technology, achieving sequential read speeds of up to 6600MB/s. It features advanced 176-layer TLC 3D NAND for improved performance and durability, with an MTTF of over 2 million hours. The P5 Plus is compatible with both Gen4 and Gen3 systems, promising enhancements of up to 67% in random read speeds compared to previous models.
Micron Technology (Nasdaq: MU) declared a quarterly dividend of $0.10 per share, payable on October 18, 2021, to shareholders of record by October 1, 2021. This milestone reflects Micron's transformation, showcasing its technology leadership, strong profits, and solid balance sheet, as emphasized by CEO Sanjay Mehrotra. The newly initiated dividend complements the company's previous share repurchase efforts, having returned approximately $4 billion since 2018, retiring 90 million shares at an average price of $42.
Micron Technology (Nasdaq: MU) has initiated volume shipments of its 176-layer NAND Universal Flash Storage (UFS) 3.1 mobile solution, enhancing performance for high-end smartphones. This technology boasts up to 75% faster sequential write speeds and 70% faster random read speeds compared to previous generations, enabling rapid downloads and superior multitasking capabilities. Notably, users can download two-hour 4K movies in just 9.6 seconds. Micron's UFS 3.1 offers improved endurance and is available in 128GB, 256GB, and 512GB capacities.
Micron Technology (Nasdaq: MU) announced a definitive agreement to sell its Lehi, Utah facility to Texas Instruments for $1.5 billion. This includes $900 million in cash and $600 million in tools and assets. TI plans to retain the skilled team from Lehi and implement its technologies at the site. This transaction follows Micron's earlier announcement to shift focus away from 3D XPoint technology towards new memory solutions utilizing CXL interconnects, aimed at meeting increasing demands in AI and data analytics.
Micron Technology (Nasdaq: MU) reported strong fiscal Q3 2021 results, with revenue of $7.42 billion, up from $6.24 billion in the prior quarter and $5.44 billion year-over-year. GAAP net income was $1.74 billion or $1.52 per diluted share. Non-GAAP net income reached $2.17 billion, yielding $1.88 per diluted share. Operating cash flow stood at $3.56 billion, reflecting significant business momentum. For Q4 2021, Micron anticipates revenue between $8.0 billion and $8.4 billion with a gross margin of 46%.
Micron Technology, Inc. (Nasdaq: MU) showcased its latest memory and storage innovations at Computex 2021, featuring the industry’s first 176-layer NAND and 1α DRAM technology. The new PCIe Gen4 SSDs, including the Micron 3400 and 2450, promise enhanced performance for high-demand applications. The rollout includes the world’s first automotive UFS 3.1 solution. Micron also announced the volume production of LPDDR4x DRAM, enhancing power efficiency, and engaged in a Technology Enablement Program for DDR5 to foster ecosystem growth.
Micron Technology (Nasdaq: MU) announced its fiscal third-quarter earnings conference call scheduled for June 30, 2021, at 2:30 p.m. Mountain Time. Investors can access the live webcast at Micron's Investor Relations website. The company, recognized as a leader in memory and storage solutions, focuses on high-performance products that drive advancements in technologies like artificial intelligence and 5G. Replays of the presentation will be available for one year.
Micron Technology issued a correction to a previous news release regarding a visit from the U.S. Secretary of Commerce and local leaders to its Manassas, Virginia fabrication facility. The initial announcement, sent out on May 24, 2021, at 6:24 p.m. PT, should be disregarded as it has been updated in a revised release sent out at 8:15 p.m. PT.
For further details, please refer to the updated version available here.
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