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Micron Technology, Inc. - MU STOCK NEWS

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.

News

Micron Technology, Inc. Reports Results for the First Quarter of Fiscal 2024

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Micron Technology, Inc. (Nasdaq: MU) announced results for its first quarter of fiscal 2024, reporting a revenue of $4.73 billion, a GAAP net loss of $1.23 billion, and a non-GAAP net loss of $1.05 billion. Operating cash flow was $1.40 billion, and the company ended the quarter with cash, marketable investments, and restricted cash of $9.84 billion. Micron also declared a quarterly dividend of $0.115 per share. The company provided guidance for the second quarter of 2024, projecting a revenue of $5.30 billion ± $200 million and a gross margin of 12.0% ± 1.5%.
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Micron Unveils Industry-Leading Client SSD to Fuel Demanding PC Applications for Gaming, Content Creation and Scientific Computing

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Micron Technology, Inc. (Nasdaq: MU) has announced the launch of the Micron 3500 NVMe™ SSD, the world’s first performance client SSD with 232-layer NAND technology. This SSD is designed to power demanding workloads for business applications, scientific computing, gaming, and content creation, offering a superior user experience and best-in-class performance for product development and scientific computing applications. With capacities up to 2TB, the Micron 3500 SSD is set to revolutionize storage for gaming, content creation, and emerging client AI experiences.
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Micron Updates First Quarter Fiscal 2024 Guidance

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Micron Technology, Inc. (MU) updates its revenue, gross margin, operating expense, and EPS guidance for the first quarter of fiscal 2024. Revenue is expected to approach $4.7 billion with non-GAAP gross margins approaching breakeven. Operating expenses are expected to be approximately $1.10 billion. Diluted earnings per share are anticipated to be approximately ($1.17).
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Micron Technology to Report Fiscal First Quarter Results on December 20, 2023

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Micron Technology, Inc. (MU) to Hold Fiscal First Quarter Earnings Conference Call on December 20, 2023
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Micron First to Enable Ecosystem Partners With the Fastest, Lowest Latency High-Capacity 128GB RDIMMs Using Monolithic 32Gb DRAM

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Micron Technology, Inc. (Nasdaq: MU) showcases its 32Gb monolithic die-based 128GB DDR5 RDIMM memory with speeds of up to 8000 MT/s, catering to data center workloads and memory-intensive applications like AI and in-memory databases. The memory modules offer significant improvements in bit density, energy efficiency, latency, and AI training performance, setting a new standard for high-capacity, high-speed memory in the data center ecosystem.
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Micron Technology Announces Upcoming Investor Events

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Micron Technology, Inc. (Nasdaq: MU) will participate in a fireside chat at the 2023 UBS Global Technology Conference in Scottsdale, Arizona. The event will be webcast live on November 28, at 7:35 a.m. Mountain Time. Investors can access the webcast and replays from Micron's Investor Relations website at investors.micron.com.
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Crucial Launches Lightning-Fast Gen4 Consumer NVMe SSDs for Gamers and Creators

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Micron Technology announces the availability of the Crucial T500 Gen4 NVMe SSD, a best-in-class PCIe 4.0 NVMe drive with advanced 232-layer 3D NAND technology. The T500 SSD offers industry-leading NAND I/O speeds of 2.4 GB/s, up to 40% higher performance-to-power ratio, and speeds two times faster than the previous Gen3 NVMe SSD. It has lightning-fast sequential read and write speeds up to 7,400MB/s and 7,000MB/s respectively, enabling faster game loading, quicker game texture renders, and reduced CPU utilization. The T500 also delivers up to 42% faster performance in content creation applications. It is available in 500GB, 1TB, and 2TB capacities, with a 4TB option coming in 2024.
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Micron Collaborates with Qualcomm to Accelerate Generative AI at the Edge for Flagship Smartphones

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Micron Technology is now shipping production samples of its LPDDR5X memory for use with Qualcomm's Snapdragon 8 Gen 3 mobile platform. The LPDDR5X memory delivers the world's highest mobile performance of 9.6 Gbps and provides advanced power-saving capabilities for mobile users. This enables the unlocking of generative AI at the edge, empowering smartphone manufacturers with next-generation performance and power efficiency.
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Micron Low-Power Memory Solution Boosts Mixed and Virtual Reality Experiences on Snapdragon XR2 Gen 2

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Micron's LPDDR5X and UFS 3.1 solutions qualified on Qualcomm's Snapdragon XR2 Gen 2 Platform for metaverse applications
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Micron Delivers High-Speed 7,200MT/s DDR5 Memory Using 1β Technology

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Micron extends its 1β technology with the introduction of 16Gb DDR5 memory, offering a 50% increase in performance. The new memory is now shipping to data center and PC customers, providing a 33% improvement in performance per watt over the previous generation. Micron's 1β DDR5 DRAM enables applications like AI training and inference, generative AI, data analytics, and in-memory databases.
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FAQ

What is the current stock price of Micron Technology (MU)?

The current stock price of Micron Technology (MU) is $102.64 as of November 22, 2024.

What is the market cap of Micron Technology (MU)?

The market cap of Micron Technology (MU) is approximately 113.6B.

What products does Micron Technology, Inc. specialize in?

Micron specializes in DRAM, flash memory, and USB flash drives. Their products are used in data centers, mobile phones, consumer electronics, and automotive applications.

Where is Micron Technology headquartered?

Micron Technology is headquartered in Boise, Idaho, USA.

What is the latest innovation from Micron for automotive applications?

Micron recently introduced the 4150AT SSD, which is designed to support advanced driver-assistance systems (ADAS) and in-vehicle infotainment systems with high-performance storage capabilities.

What are the key features of Micron's 2500 SSD?

The Micron 2500 SSD uses advanced QLC NAND technology to offer best-in-class performance and reliability, making it ideal for enhancing everyday computing experiences.

How is Micron contributing to the U.S. semiconductor industry?

Micron is investing in leading-edge memory manufacturing facilities in Idaho and New York, creating thousands of jobs and boosting U.S. semiconductor production capabilities.

What is Micron's 128GB DDR5 RDIMM memory used for?

Micron's 128GB DDR5 RDIMM memory is used in data centers and AI applications, providing high capacity, improved performance, and energy efficiency.

How is Micron involved in community development?

Micron has invested $20 million in Community Development Financial Institutions (CDFIs) to enhance financial inclusion and economic opportunities in underserved communities.

What brands fall under Micron's consumer product portfolio?

Micron’s consumer products, including memory modules, are marketed under the Crucial® brand.

What federal support has Micron received for its U.S. projects?

Micron received $6.1 billion from the CHIPS and Science Act to support its investment in leading-edge memory manufacturing through 2030.

Where can I find more information about Micron Technology, Inc.?

More information about Micron Technology, Inc. can be found on their website at www.micron.com.

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Micron Technology, Inc.

Nasdaq:MU

MU Rankings

#112 Ranked by Market Cap
#2030 Ranked by Dividends

MU Stock Data

113.56B
1.10B
0.27%
81.19%
3.21%
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