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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 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.
Micron Technology (Nasdaq: MU) hosted U.S. Secretary of Commerce Gina Raimondo and other officials at its Manassas, Virginia facility, emphasizing its role as the sole U.S. manufacturer of memory and storage products. The event highlighted the significance of federal support for the semiconductor industry, a vital sector for economic growth. Micron’s President, Sanjay Mehrotra, expressed gratitude for government efforts and mentioned the company's expansion in Manassas. He reiterated the importance of the CHIPS for America Act in promoting domestic manufacturing and innovation in semiconductors.
Micron Technology (Nasdaq: MU) recently hosted U.S. government officials at its Manassas, VA manufacturing facility, highlighting its unique position as the sole U.S. manufacturer of memory and storage products. The event featured Secretary of Commerce Gina Raimondo and other leaders advocating for federal support of the semiconductor industry. CEO Sanjay Mehrotra emphasized the importance of semiconductors to the economy and welcomed the CHIPS for America Act. The Manassas site employs 1,600 individuals and plays a crucial role in automotive memory production.
Micron Technology (Nasdaq: MU) announced its participation in two upcoming investor events. CFO David Zinsner will engage in a fireside chat at the Barclays Americas Select Franchise Conference on May 19 at 9:00 AM MT. CEO Sanjay Mehrotra will participate in a fireside chat at the J.P. Morgan Global Technology, Media and Communications Conference on May 25 at 9:00 AM MT. Live webcasts and replays can be accessed on Micron's Investor Relations website.
Micron is a leader in memory and storage solutions, delivering products that drive advancements in AI and 5G.
Micron Technology, Inc. (Nasdaq: MU) announced that all eligible sites have been recognized by Great Place to Work® as part of the Best Workplace List™. This includes Micron facilities in China, Germany, Japan, Italy, Singapore, and Taiwan. The company was certified as a Great Place to Work in multiple countries. April Arnzen, chief people officer, highlighted the company’s commitment to employee engagement during the pandemic. Micron ranks as the fourth-largest semiconductor manufacturer globally, employing around 40,000 people across 17 countries.
Micron Technology (Nasdaq: MU) reported strong second quarter fiscal 2021 results, achieving revenue of $6.24 billion, up from $5.77 billion in the prior quarter and $4.80 billion year-over-year. GAAP net income was $603 million, or $0.53 per diluted share. Non-GAAP results showed net income of $1.13 billion, or $0.98 per diluted share. The company generated operating cash flow of $3.06 billion. Looking ahead, Micron forecasts revenue of $7.1 billion ± $200 million for Q3 2021, with a gross margin of 40.5%.
Micron Technology, Inc. (Nasdaq: MU) has achieved global pay equity in total employee compensation, including base pay, bonuses, and stock rewards. This milestone supports the company’s diversity, equality, and inclusion (DEI) initiatives. Micron's approach, which extends beyond gender pay equity to include various underrepresented groups, aims to enhance employee well-being and retention. The company utilizes technology to address pay variances and ensures that all team members feel valued and respected. Micron’s commitment to DEI informs its strategic goals and operations globally.
Micron Technology (Nasdaq: MU) announced the appointment of Jeremy Werner as corporate vice president and general manager of its Storage Business Unit. Werner, with 20 years of experience in storage technology, previously led KIOXIA America's SSD business unit. He holds a Bachelor of Science in Electrical Engineering from Cornell University and boasts 21 patents. Sumit Sadana, Micron's executive vice president, expressed confidence in Werner's leadership to drive growth and deliver innovative storage solutions. Derek Dicker, the predecessor, will assist in the transition as a senior advisor over the next two months.
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