Welcome to our dedicated page for Micron Technology news (Ticker: MU), a resource for investors and traders seeking the latest updates and insights on Micron Technology stock.
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'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.
Micron Technology (Nasdaq: MU) announces participation in two upcoming investor events. Chief Financial Officer David Zinsner will participate in a fireside chat at the Keybanc Virtual Future of Technology Series Conference on Aug. 13 at 9:20 a.m. PT. Additionally, Chief Business Officer Sumit Sadana will speak at the BMO Virtual Technology Summit on Aug. 26 at 1:00 p.m. PT. Micron is a leader in innovative memory and storage solutions, powering advancements in AI, 5G, and more across various markets.
Micron Technology (Nasdaq: MU) announced a Technology Enablement Program to provide early access to resources and partners for developing next-gen systems using DDR5 DRAM. This initiative follows the ratification of the JEDEC DDR5 standard and aims to enhance data centers' performance and bandwidth. Partners include Cadence, Montage, and others, fostering collaboration to accelerate market readiness for DDR5 technologies.
Micron Technology, Inc. (Nasdaq: MU) reported its fiscal Q3 2020 results, showing revenue of $5.44 billion, up from $4.80 billion in Q2 and $4.79 billion year-over-year. GAAP net income reached $803 million or $0.71 per diluted share. Non-GAAP net income was $941 million or $0.82 per share. Operating cash flow stood at $2.02 billion. Micron forecasted Q4 revenues between $5.75 billion and $6.25 billion with an anticipated gross margin of 34.5% ± 1.5%. The company highlighted ongoing advancements in DRAM and NAND technologies.
Micron Technology, Inc. (Nasdaq: MU) will host its fiscal Q3 earnings conference call on June 29, 2020, at 2:30 p.m. Mountain time. Investors can access the live webcast on Micron's Investor Relations website, where a replay will be available for one year. Micron is recognized for its innovative memory and storage solutions, including DRAM, NAND, and 3D XPoint™ technologies, applicable in industries like artificial intelligence, 5G, and autonomous vehicles. The company boasts over 40 years of technology leadership and continues to play a pivotal role in transforming information usage.
Micron Technology (Nasdaq: MU) announced a webcasted investor update on May 22 at 10:00 a.m. PT featuring Senior VP Raj Talluri and CFO David Zinsner. This event aims to provide insights into Micron's Mobile Business Unit.
Investors can access live webcasts and replays via Micron's Investor Relations website. Micron is a leader in memory and storage solutions, targeting sectors like AI and 5G, with a strong portfolio including DRAM and NAND technologies. For more details, visit Micron's website.
Micron Technology (Nasdaq: MU) has launched two new solid-state drives (SSDs): the Micron 2300 and Micron 2210. The Micron 2300 SSD features a 2TB capacity and is optimized for high-performance applications, achieving up to 3,300 MB/s read speeds. The Micron 2210 SSD utilizes quad-level-cell (QLC) NAND, offering significant power savings, making it ideal for cost-sensitive consumers. Both SSDs support advanced security features and are built on Micron's 96-layer 3D NAND technology, catering to the increasing demand for NVMe SSDs in client computing.
Micron Technology (Nasdaq: MU) announced its participation in three upcoming investor events in May 2020. Executive VP of Operations Manish Bhatia will join a fireside chat at the Virtual J.P. Morgan 2020 TMC Conference on May 12 at 5:40 a.m. PT. Senior Director Farhan Ahmad will participate in the Needham Virtual Technology & Media Conference on May 19 at 10:00 a.m. PT. Lastly, President and CEO Sanjay Mehrotra will attend the Bernstein Strategic Decisions Conference on May 27 at 10:30 a.m. PT. Webcasts of these events can be accessed on Micron's Investor Relations website.
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