Micron Technology Inc Stock Price, News & Analysis

Micron Technology announces the availability of its high-performance 16Gb/16Gbps GDDR6 memory solution, compatible with AMD Radeon RX 6000 Series graphics cards, leveraging AMD RDNA 2 architecture. This advanced memory technology, produced using Micron's 1z process, supports up to 512GB/s system performance. This collaboration aims to enhance gaming experiences by minimizing lag and maximizing visual fidelity.

Micron Technology, Inc. (Nasdaq: MU) announces the launch of Crucial DDR5 desktop PC memory, offering up to 50% faster data transfer speeds than DDR4 at 4800MT/s. This new memory technology nearly doubles the effective bandwidth, enhancing performance in multi-core CPUs for multitasking and demanding applications. Key features include compatibility with 12th Gen Intel Core processors, decreased operating voltage at 1.1V, and improved chip density allowing future scalability. Availability spans multiple densities, now purchasable globally.

Micron Technology (MU) announced plans to invest over $150 billion globally over the next decade in cutting-edge memory manufacturing and R&D. This investment aims to meet the surging demand for memory crucial for various technologies, including 5G and AI. Micron's expansion is expected to create tens of thousands of jobs and significantly boost economic growth. The initiative also highlights the need for government support to make U.S. manufacturing more competitive, as costs are currently 35-45% higher than in other markets.

Micron Technology (Nasdaq: MU) introduced its Green Bond Framework aimed at promoting sustainability through green financing. The framework, developed with a second-party opinion from Sustainalytics, outlines eligible projects including renewable energy and pollution control. Micron committed to spending $1 billion by 2028 to achieve significant environmental goals, such as a 75% reduction in greenhouse gas emissions and sourcing 100% renewable energy in U.S. operations by 2025. This initiative builds on Micron’s prior success in securing $3.7 billion in sustainability-linked credit facilities.

Micron Technology unveils the Micron 7400 SSD, featuring NVMe and PCIe Gen4 performance tailored for data center workloads. The product showcases flexibility with seven form factors and capacities ranging from 400GB to 7.68TB. Significantly, it includes the only PCIe Gen4 M.2 22x80mm with power loss protection and enhanced security features. With improved IOPs per watt and backward compatibility with PCIe Gen3 systems, Micron aims to facilitate a seamless transition for customers. This SSD is designed to meet the evolving storage needs stemming from the rapid growth of data and applications.

Micron Technology, Inc. (Nasdaq: MU) reported record results for fiscal 2021, driven by strong demand in mobile, auto, and industrial markets. For Q4 2021, revenue surged to $8.27 billion, a significant increase from $7.42 billion in Q3 and $6.06 billion year-over-year. GAAP net income for Q4 reached $2.72 billion, or $2.39 per diluted share. For the full year, revenue totaled $27.71 billion, resulting in a GAAP net income of $5.86 billion. Looking ahead, Micron expects Q1 2022 revenue between $7.45 billion and $7.85 billion.

Micron Technology, Inc. (Nasdaq: MU) has announced its fiscal fourth quarter earnings conference call scheduled for September 28, 2021, at 2:30 p.m. Mountain time. The call will be available via webcast and will be accessible for replay on its Investor Relations website for one year. Micron is a leader in memory and storage solutions, driving advancements in technology such as artificial intelligence and 5G applications, and commits to providing high-performance products through its Micron® and Crucial® brands.

Micron Technology (Nasdaq: MU) announced its participation in two upcoming investor events. Chief Financial Officer David Zinsner will join a fireside chat at the KeyBanc Virtual Technology Leadership Forum on August 10 at 11:20 a.m. MT. Chief Business Officer Sumit Sadana will engage in a fireside chat at the BMO Technology Summit on August 24 at 9:00 a.m. MT. Live webcasts and replays will be available on Micron's Investor Relations website.

Micron is a leader in memory and storage solutions, supporting advancements in AI and 5G applications.