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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 Initiates Construction on Leading-Edge Memory Manufacturing Fab

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Micron celebrates the start of construction on the nation's first new memory manufacturing fab in 20 years and announces plans to invest $75 million in Idaho's workforce development.
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Micron Technology, Inc. Reports Results for the Fourth Quarter and Full Year of Fiscal 2023

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Micron Technology reports Q4 2023 revenue of $4.01 billion, up from $3.75 billion in Q3 2023 and down from $6.64 billion in Q4 2022. The company also announces a net loss of $1.43 billion in Q4 2023 and a net loss of $5.83 billion for fiscal year 2023. Operating cash flow for Q4 2023 is $249 million, compared to $24 million in Q3 2023. Micron's CEO anticipates a market recovery in 2024 driven by increasing demand and disciplined supply. The company declares a quarterly dividend of $0.115 per share.
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Micron Technology to Report Fiscal Fourth Quarter Results on September 27, 2023

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Micron Technology to hold fiscal Q4 earnings conference call on September 27, 2023.
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Micron Launches Memory Expansion Module Portfolio to Accelerate CXL 2.0 Adoption

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Micron Technology announces sample availability of Micron CZ120 memory expansion modules. The modules come in 128GB and 256GB capacities and offer up to 36GB/s memory read/write bandwidth. They support the CXL 2.0 Type 3 standard and are suitable for AI training, SaaS applications, and high-performance computing workloads. Micron is collaborating with Intel and AMD to test and evaluate the CZ120 modules. Qualified customers can enroll in the Micron Technology Enablement Program (TEP) for support and resources.
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Micron, MOST Announce Opening of ‘DECONSTRUCTED: Semiconductors and Other Secrets Inside Everyday Technology’

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Micron Technology, Inc. (Nasdaq: MU) celebrates the ribbon-cutting of a new permanent exhibit at the Milton J. Rubenstein Museum of Science & Technology (MOST) in Syracuse, NY. The exhibit, 'DECONSTRUCTED: Semiconductors and Other Secrets Inside Everyday Technology,' aims to provide hands-on exposure to semiconductors for K-8 students, teachers, and families in Central New York. This initiative is part of Micron's Community Investment Framework, which includes a $500,000 sponsorship of the MOST to fund STEM education series, design challenges, and science camps for students at no cost.
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Micron Delivers Industry’s Fastest, Highest-Capacity HBM to Advance Generative AI Innovation

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Micron Technology, Inc. (Nasdaq: MU) has launched the industry's first 8-high 24GB HBM3 Gen2 memory with bandwidth over 1.2TB/s and pin speed over 9.2Gb/s. This advanced memory solution offers a 50% improvement over current HBM3 solutions, with a 2.5 times performance per watt increase. Micron's HBM3 Gen2 aims to revolutionize AI data centers with improved performance, capacity, and power efficiency, reducing training times for large language models and enhancing AI inference infrastructure.
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Micron Technology Announces Upcoming Investor Events

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Micron Technology executives will participate in fireside chats at investor events including KeyBanc Technology Leadership Forum and Deutsche Bank’s 2023 Technology Conference.
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Crucial Expands Portable SSD Portfolio, Unveiling Revolutionary New Storage Architecture

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Micron Technology, Inc. (Nasdaq: MU) announces the launch of Crucial X9 Pro and X10 Pro Portable SSDs, designed for content creators. The drives offer lightning-fast speeds, high capacity, and broad compatibility, with the X10 Pro delivering sequential read/write speeds up to 2,100MB/s and 2,000MB/s respectively, and up to 4TB of space. The X9 Pro provides sequential read and write speeds up to 1,050MB/s and is available in sizes up to 4TB. Both drives are water and dust resistant, and come with a one-month Creative Cloud All Apps plan with purchase and drive registration.
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Micron Technology, Inc. Reports Results for the Third Quarter of Fiscal 2023

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Micron Technology announces Q3 fiscal 2023 results with revenue of $3.75 billion, exceeding expectations. However, the company reports a net loss of $1.90 billion. Micron expects margins to improve as industry supply-demand balance is restored.
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Micron’s Annual Sustainability Report Highlights Continued Initiatives Powered by Strong Collaboration and Partnerships

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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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