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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, Inc. (Nasdaq: MU) announced the volume production of its Micron 9400 NVMe SSD, designed for data centers handling demanding workloads like AI and ML. With a capacity of 30.72TB and a performance improvement of 77% in input/output operations per second (IOPS), it sets new standards for PCIe Gen4 storage.
The 9400 SSD also enhances energy efficiency, reducing operational costs and environmental impact. The drive is compatible with U.2 sockets and supports mixed workloads, improving performance in various real-world applications.
Micron Technology, Inc. (Nasdaq: MU) has appointed Mark Montierth as the new corporate vice president and general manager of its Mobile Business Unit, effective January 17, 2023. Montierth, previously vice president and general manager of high-bandwidth and graphics memory, will lead the development of mobile solutions to capture opportunities driven by the surging demand for data-intensive mobile experiences. He succeeds Raj Talluri, who contributed significantly to Micron's growth over five years and is leaving for a new opportunity. Montierth brings a wealth of experience, having launched several key products in his past roles.
Micron Technology, Inc. reported its fiscal Q1 2023 results, showing a revenue decline to $4.09 billion from $6.64 billion the prior quarter. The company faced a GAAP net loss of $195 million or $0.18 per diluted share. Adjusted free cash flow was negative $1.53 billion due to capital expenditures of $2.47 billion. Despite these challenges, Micron anticipates improved revenues in the second half of the fiscal year as customer inventories stabilize. The Board declared a quarterly dividend of $0.115 per share, payable January 19, 2023.
Micron Technology, Inc. (Nasdaq: MU) has launched the Micron 2550 NVMe™ SSD, featuring the world’s first NAND with over 200 layers, designed for mainstream laptops and desktops. This SSD enhances performance with significant power savings, improving application speed up to 112% compared to competitors. It boasts sequential read speeds of 5 GB/s and write speeds of 4 GB/s, surpassing the previous generation by 43% and 33%, respectively. The 2550 aims to extend battery life, making it suitable for daily computing.
Micron Technology (Nasdaq: MU) announced a 20% reduction in DRAM and NAND wafer starts compared to fiscal Q4 2022, responding to weakened market conditions. The company anticipates negative year-on-year bit supply growth for DRAM and minimal growth for NAND in 2023. These steps aim to manage inventory effectively. Despite current challenges, Micron remains optimistic about long-term demand in the memory and storage markets, expecting revenue growth to outpace the semiconductor industry as a whole.
Micron Technology (MU) announced that its LPDDR5X mobile memory has been validated for Qualcomm's Snapdragon 8 Gen 2 platform, marking a significant achievement in mobile memory technology.
With peak speeds of 8.533 Gbps, LPDDR5X is up to 33% faster than the previous generation, enhancing performance for high-end smartphones. Micron is now shipping this memory in mass production, facilitating the launch of smartphones that leverage these capabilities. The company is positioned as a leader in the semiconductor industry, aiming to drive innovation in 5G and AI applications through its advanced memory solutions.
Micron Technology, Inc. (Nasdaq: MU) has expanded its IoT security portfolio by launching the Authenta Cloud Platform to enhance edge-to-cloud security. This platform simplifies deployment and scaling of cybersecurity solutions, ensuring robust protection against evolving IoT threats. New partnerships with Swissbit AG and SanCloud demonstrate growing market momentum. The Authenta™ technology is now compatible with a broader range of devices, providing enhanced features such as secure boot and device integrity monitoring. Micron aims to facilitate secure cloud services across diverse industries.
Micron Technology, Inc. (Nasdaq: MU) will host its fiscal Q1 earnings conference call on December 21, 2022, at 2:30 PM MT. The live webcast will be accessible via Micron's Investor Relations website, with replays available for one year. As a leader in memory and storage solutions, Micron focuses on high-performance DRAM, NAND, and NOR products. The company plays a crucial role in the data economy, supporting advancements in AI and 5G applications.
Micron Technology, Inc. (Nasdaq: MU) announces the availability of DDR5 memory for data centers validated for AMD EPYC™ 9004 Series processors. The combination provides up to two times memory bandwidth and performance improvements for HPC workloads. Benchmarks show a peak memory bandwidth of 378 GB/s, doubling the previous 189 GB/s. Micron emphasizes its role in the DDR5 transition and partnerships with AMD for enhanced memory performance in AI and HPC sectors.
On November 3, 2022, Micron Technology (Nasdaq: MU) announced the participation of its executives in upcoming investor events. The events include the Wells Fargo TMT Summit on November 29 at 2:10 p.m. MT and the J.P. Morgan CES Tech/Auto Forum on January 5 at 10:55 a.m. MT, both held in Las Vegas. Live webcasts and replays will be available on Micron's Investor Relations website. Micron is a leader in memory and storage solutions, driving advancements in AI and 5G applications.
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