Micron Technology, Inc. - MU STOCK NEWS

Micron Technology, Inc. (Nasdaq: MU) has appointed Raj Hazra as the new senior vice president and general manager of its Compute and Networking Business Unit, succeeding Tom Eby, who will retire this April after over a decade. Hazra, who joined Micron in June 2020, brings over 20 years of experience, particularly in data centers, having previously worked at Intel. His technical expertise and leadership are expected to drive growth in key sectors like cloud computing and artificial intelligence.

Micron Technology, Inc. (Nasdaq: MU) raised its guidance for Q2 FY2021, citing an expected revenue increase to between $6.20 billion and $6.25 billion, up from $5.6 billion to $6.0 billion. The gross margin forecast has also improved to 30% - 32% from 24% - 26%. Diluted earnings per share (EPS) is now projected between $0.68 and $0.82, compared to the previous estimate of $0.34 - $0.48. The company's CFO will discuss these developments at the Morgan Stanley Technology Conference on March 3, 2021.

Crucial, a consumer brand of Micron, has expanded its SSD portfolio with the launch of two new portable SSDs: a 4TB model priced at $489.95 and a 500GB version at $69.95. These drives are designed for quick storage of large files, featuring read speeds up to 800MB/s—5.6 times faster than traditional hard drives. Both models boast a lightweight, compact design, are drop-proof up to 6.5 feet, and offer compatibility with numerous devices, including USB-C and USB-A. This expansion aims to cater to diverse customer needs for external storage solutions.

Micron Technology, Inc. (Nasdaq: MU) announced it will hold a conference call to discuss its fiscal second quarter earnings on March 31, 2021, at 2:30 p.m. Mountain time. The call will be available via live webcast on Micron's investor relations website, where replays will also be accessible for about one year post-call. Micron is recognized for its innovative memory and storage solutions, impacting sectors like artificial intelligence, 5G, and machine learning. More details can be found at micron.com.

Micron Technology, Inc. (Nasdaq: MU) has launched the industry's first automotive low-power DDR5 DRAM (LPDDR5), meeting ASIL D safety standards for advanced driver assistance systems (ADAS). This memory solution enhances performance with a 50% increase in data access speeds and over 20% improvement in power efficiency. Micron's LPDDR5 supports crucial automotive technologies, aiming to facilitate safer and smarter vehicles. The automotive memory market is projected to grow to $6.3 billion by 2024, highlighting the growing demand for such innovations.

Micron Technology, Inc. (Nasdaq: MU) announced the appointment of Linnie Haynesworth to its board of directors on Feb. 16, 2021. Haynesworth brings over 30 years of experience in technology, particularly in aerospace and cybersecurity. Micron's President, Sanjay Mehrotra, highlighted her expertise in complex system development and risk management as a benefit for the company. Haynesworth previously led billion-dollar divisions at Northrop Grumman and holds a degree in electrical engineering from the University of Southern California.

Micron Technology (NASDAQ: MU) is set to participate in key investor events. Executive Vice President Manish Bhatia will engage in a fireside chat at the Goldman Sachs Technology and Internet Conference on Feb. 11, starting at 6:50 a.m. Mountain time. Chief Financial Officer David Zinsner will also participate in a fireside chat at the Morgan Stanley Technology, Media, and Telecom Conference on Mar. 3, at 9:45 a.m. Mountain time. Both events will be webcast live, with replays available on Micron's Investor Relations website.

Micron Technology, Inc. (Nasdaq: MU) has joined The Valuable 500, a global initiative aimed at promoting disability inclusion in the workplace. This makes Micron one of the first semiconductor companies to prioritize the rights of individuals with disabilities in its board agenda. The company's diversity, equality, and inclusion (DEI) efforts include initiatives for equitable pay, racial and LGBTQ+ equality, and inclusive hiring practices. Furthermore, Micron enhances its supplier diversity program by collaborating with organizations supporting minority and woman-owned businesses.

Micron Technology has achieved a significant milestone by announcing the volume shipment of its 1α node DRAM products, showcasing advancements in bit density, power, and performance. This new technology boasts a 40% increase in memory density compared to the previous generation and is set to enhance applications across mobile devices, smart vehicles, and more. Micron's 1α DRAM technology is designed to support low-power mobile DRAM, enabling up to 15% power savings. Production has begun in Taiwan, starting with DDR4 memory, with further products expected in 2021.