Micron Technology Inc Stock Price, News & Analysis

Micron Technology (NASDAQ: MU) announced a $40 billion investment in U.S. memory manufacturing, aiming to create approximately 40,000 American jobs by the decade's end. This is the largest investment in U.S. memory manufacturing history, supported by the CHIPS and Science Act. The initiative seeks to enhance national security and supply chain resilience, with production expected to commence in the second half of the decade. Micron aims to increase its domestic memory production from less than 2% to up to 10% of the global market over the next ten years.

Micron Technology (Nasdaq: MU) has announced that executives will participate in a fireside chat at the KeyBanc Technology Leadership Forum, scheduled for August 9, 2022, at 8:30 a.m. Mountain time. The event will be webcast live, providing an opportunity for investors and stakeholders to engage. Following the live session, recordings will be available on Micron's Investor Relations website.

Micron Technology (NASDAQ: MU) applauds the passage of the "Chips and Science" legislation, expressing gratitude to the Biden Administration and bipartisan Congress. This act is pivotal for restoring semiconductor manufacturing in the U.S., expected to generate tens of thousands of jobs and billions in investments. Currently, Micron produces 100% of the U.S.'s 2% share of global memory supply. The legislation offers competitive incentives for Micron to expand domestic memory production, marking a historic chance to innovate and strengthen supply chain resilience.

Micron Technology, Inc. (Nasdaq: MU) has announced the commencement of volume production of the world’s first 232-layer NAND, achieving a breakthrough in storage performance and density. This innovation offers the highest areal density in the industry, with enhanced capacity and energy efficiency compared to previous versions. Notably, the 232-layer NAND supports 2.4 GB/s I/O speed, 50% faster than its predecessor, and features a compact design—28% smaller than earlier generations. Micron aims to facilitate advancements across various sectors, including mobile devices, cloud services, and AI applications.

Micron Technology has launched its new DDR5 server DRAM aimed at boosting performance for AI, HPC, and data-intensive applications. This advanced memory technology nearly doubles the bandwidth of DDR4, achieving JEDEC speeds of 4800MT/s, which is 1.5x faster than its predecessor. The DDR5 modules, supporting up to 64GB, optimize system operations with improved architecture and power management. The new memory is available for commercial and industrial partners, facilitating the adoption of next-gen Intel and AMD platforms and promising an up to 85% increase in system performance over DDR4.

Micron Technology (Nasdaq: MU) reported third-quarter fiscal 2022 results with record revenue of $8.64 billion, up from $7.79 billion in the previous quarter. GAAP net income rose to $2.63 billion ($2.34 per diluted share), compared to $2.00 in Q2. Operating cash flow also increased to $3.84 billion. The company anticipates a revenue forecast of $7.2 billion for the fourth quarter, amid weakening industry demand, and has initiated measures to control supply growth. A quarterly dividend of $0.115 per share was declared, payable on July 26, 2022.

Micron Technology (Nasdaq: MU) has announced the launch of the world's first 176-layer NAND SATA SSD, the Micron 5400, designed specifically for data center workloads. This advanced SSD architecture boasts a 50% increase in reliability compared to competitors. With nearly 20 million SATA units shipped, the Micron 5400 provides superior performance, extended server life, and a wide range of deployment options. It also offers industry-leading endurance and a five-year warranty, supporting enterprise demands expected to exceed 26EB by 2026.

Micron Technology, Inc. (Nasdaq: MU) has announced significant advancements in its embedded product portfolio, showcasing the world's highest-capacity microSD card at 1.5TB, designed specifically for industrial-grade video security. The company has received ISO 26262 ASIL D certification for its LPDDR5 DRAM, positioning it for advanced driver-assistance systems in automotive applications. Micron's new solutions are aimed at meeting the growing demand for reliable memory in various sectors, including industrial automation and smart vehicles, as connected IoT devices proliferate worldwide.