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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 (Nasdaq: MU) announced its upcoming participation in three key investor events. CFO David Zinsner will take part in a fireside chat at the Bernstein Operational Decisions Conference on Nov. 16 at 11:30 a.m. Pacific time. On Nov. 30 at 1:00 p.m. Pacific time, EVP Scott DeBoer will present an update on Micron’s technology roadmap. Lastly, CEO Sanjay Mehrotra will engage in a fireside chat at the Credit Suisse Annual Technology Conference on Dec. 1 at 8:30 a.m. Pacific time. All events will be webcast live on Micron’s Investor Relations website.
Micron Technology (Nasdaq: MU) partners with Tata Communications to launch a cloud-based eSIM solution that enhances global connectivity for IoT devices. This innovation aims to simplify the large-scale deployment of IoT by eliminating the need for physical SIM cards. The solution, featuring advanced security via Micron's Authenta KMS, supports zero-touch onboarding for devices across 200 countries. With expectations to nearly triple IoT revenue by 2026, this collaboration addresses key barriers in connectivity and cybersecurity.
Micron Technology has launched uMCP5, the first UFS multichip package with low-power DDR5 DRAM, now in mass production. This product enhances smartphones for 5G applications, improving speed and efficiency significantly. The uMCP5 offers a bandwidth increase from 3,733 to 6,400 Mb/s, a power efficiency boost of nearly 20%, and a 66% increase in endurance to 5,000 program/erase cycles. Available in several configurations, this innovation is aimed at optimizing user experiences in data-heavy applications like AI and AR.
Micron Technology, Inc. reported solid financial results for Q4 and FY2020, with Q4 revenue hitting $6.06 billion, up from $5.44 billion last quarter and $4.87 billion a year ago. Q4 GAAP net income was $988 million or $0.87 per share. FY2020 revenue decreased to $21.44 billion from $23.41 billion in FY2019. The company anticipates improving market conditions in 2021, driven by growth in 5G, cloud services, and automotive sectors, while maintaining a strong cash position of $9.26 billion.
Micron Technology reported robust fiscal Q4 2020 results, with revenue of $6.06 billion, up from $5.44 billion in Q3 2020 and $4.87 billion in Q4 2019. The net income increased to $988 million, or $0.87 per diluted share. However, annual revenue fell to $21.44 billion from $23.41 billion year-over-year. The company anticipates improving market conditions in 2021, fueled by advancements in 5G, cloud, and automotive sectors. Micron's strong cash position includes $9.26 billion in cash and investments, with plans to repurchase more shares.
Micron's Crucial brand launched the Crucial Ballistix MAX 5100, the fastest gaming DRAM currently available, enhancing its acclaimed product lineup. This memory supports extreme-performance with custom tuning at the die level, previously achieving a record overclock of 6,666MT/s.
These modules are engineered for compatibility with the latest AMD and Intel platforms and aim to deliver superior gaming experiences. A limited stock of 16GB kits is available globally, emphasizing Micron's commitment to high-performance technology.
Micron Technology (Nasdaq: MU) has launched the world's fastest discrete graphics memory solution, GDDR6X, achieving system bandwidth of up to 1 terabyte per second (TB/s). Developed in collaboration with NVIDIA for the GeForce RTX 3090 and RTX 3080 GPUs, GDDR6X utilizes innovative PAM4 technology, enabling unprecedented data rates and improved performance for high-resolution gaming and advanced graphics applications. With mass production capabilities, GDDR6X also boasts lower power consumption and easy implementation. The GeForce RTX 3080 and 3090 will be available from mid-September 2020.
Micron Technology, Inc. (Nasdaq: MU) has announced its fiscal fourth quarter earnings conference call scheduled for September 29, 2020, at 2:30 p.m. Mountain time. The call will be accessible via a live webcast on Micron's Investor Relations website. A recording of the call will be available for approximately one year after the event. Micron is a leader in memory and storage solutions and is known for its innovations in DRAM, NAND, and 3D XPoint memory, driving advancements in industries such as AI, 5G, and autonomous vehicles.
Micron's brand Crucial has launched the Crucial X6 portable SSD, available in capacities up to 2TB with read speeds reaching 540MB/s, making it 3.8 times faster than traditional portable hard drives. This ultra-compact drive is drop-proof up to 6.5 feet, shock-resistant, and suitable for various devices including PC, Mac, and consoles. The product aims to meet the growing need for reliable local storage without the risks associated with cloud solutions. Crucial emphasizes extensive pre-release testing to ensure quality and performance.
Micron Technology (Nasdaq: MU) has appointed Lynn Dugle to its board of directors, enhancing its leadership with her 30+ years in the defense, intelligence, and high-tech sectors. Dugle's expertise is expected to benefit Micron as it aims to strengthen its portfolio and cater to diverse market needs. Her previous roles include CEO of Engility and positions at Raytheon, where she led crucial divisions. Her appointment increases female representation on Micron's board to over one-third, reflecting a commitment to diversity.
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