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 major semiconductor manufacturer focused on memory and storage solutions, and its news flow reflects this role at the center of the data economy and AI adoption. The company regularly issues updates on its DRAM, NAND and NOR product portfolio, as well as announcements tied to AI data centers, automotive applications and strategic manufacturing investments.
Investors and observers following MU news can expect quarterly earnings releases and outlook updates, typically furnished via Form 8‑K, where Micron discusses revenue trends, margins, cash flow and guidance. These releases often highlight performance across its Cloud Memory, Core Data Center, Mobile and Client, and Automotive and Embedded business units, along with commentary on demand driven by AI and compute‑intensive workloads.
Micron’s news stream also features product announcements, such as low‑power DRAM modules for AI data centers, automotive UFS 4.1 storage built on G9 NAND, and Crucial‑branded gaming memory. These stories detail technical attributes like bandwidth, power efficiency, endurance and compliance with automotive safety and cybersecurity standards, illustrating how Micron’s technology is applied in real‑world systems.
Corporate developments are another recurring theme, including board of directors updates, decisions about portfolio focus such as the planned exit from the Crucial consumer business, and participation in investor conferences. News about large‑scale manufacturing projects, notably the planned New York megafab, provides insight into Micron’s long‑term capacity and geographic footprint.
By monitoring this MU news page, readers can follow how Micron communicates its financial performance, product roadmap, governance changes and strategic investments that shape its position in the semiconductor and AI ecosystems.
Silicon Labs (NASDAQ: SLAB) announced robust fourth-quarter results, with revenue hitting $209 million, a 43% year-on-year increase. GAAP gross margin was recorded at 61.3%, while non-GAAP diluted earnings per share reached $0.77. The company is focusing on the Internet of Things (IoT), launching new wireless SoCs and software tools. A new share repurchase program was approved for up to $250 million. For Q1 2022, revenue is projected between $220 to $230 million, with a GAAP EPS forecast of $0.15 to $0.25, indicating continued growth in the IoT market.
Micron Technology, Inc. (Nasdaq: MU) has commenced volume shipments of the world’s first 176-layer QLC NAND SSD, the Micron 2400 SSD, a significant achievement in storage technology. This innovation delivers an industry-leading storage density and optimized performance for client applications. The SSD offers 33% higher I/O speed and 24% lower read latency compared to its predecessor. The device is available in a compact 2TB 22x30mm form factor, offering excellent power efficiency and enhanced user experience, further driving the adoption of QLC in the client market.
Micron Technology, Inc. (Nasdaq: MU) announced the resignation of David Zinsner, the executive vice president and chief financial officer, effective immediately. Zinsner is leaving to join Intel Corporation as its CFO. In the interim, Sumit Sadana, currently the executive vice president and chief business officer, has been appointed as the interim CFO while a formal search for a new CFO is underway. Micron's financial guidance for the second quarter of fiscal 2022 remains unchanged, with the company expressing confidence in its strong financial position for continued growth.
Chronos Tech LLC has appointed Ali Farhang as the new CEO, assuming day-to-day leadership and joining the Board of Directors. With over 30 years in the semiconductor industry, Farhang previously served as Corporate Vice President at Micron Technology (NASDAQ: MU) and held senior roles at Intel (NASDAQ: INTC). His experience in leading R&D teams and advising startups positions him to enhance Chronos' commercialization efforts in developing advanced SoC fabric solutions targeting applications in AI and cloud computing.
Silicon Labs (NASDAQ: SLAB) has appointed Sumit Sadana as Lead Director of its board, succeeding Bill Wood, who held the position since 2005. Sadana has been a board member since 2015 and is currently the Chief Business Officer at Micron Technology (NASDAQ: MU). The appointment comes as the company aims to capitalize on growth opportunities in the 'Internet of Things' sector. CEO Matt Johnson praised Sadana's leadership and experience, noting the company's gratitude for Wood's contributions during a transformative period.
Micron Technology, Inc. (Nasdaq: MU) announced the appointment of Rob Beard as the new senior vice president, general counsel, and corporate secretary, succeeding Joel Poppen, who will retire in mid-2022 after over 26 years with the company. Beard's legal expertise will strengthen Micron's global legal and compliance functions. Previously, he led corporate operations at Micron and practiced at top international law firms. Poppen will continue as a special advisor until his retirement, highlighting his significant contributions to Micron's growth and industry leadership.
Micron Technology (Nasdaq: MU) reported fiscal Q1 2022 revenue of $7.69 billion, down from $8.27 billion in the previous quarter, but up from $5.77 billion a year ago. GAAP net income reached $2.31 billion, or $2.04 per diluted share. Non-GAAP net income was $2.47 billion, or $2.16 per diluted share. The company announced a quarterly dividend of $0.10 per share and maintained a strong cash position of $11.48 billion with a net cash of $4.46 billion. Micron projects Q2 2022 revenue guidance of $7.5 billion ± $200 million.
Micron Technology (Nasdaq: MU) announced that Chief Financial Officer David Zinsner will participate in a fireside chat at the J.P. Morgan Tech/Auto Forum on January 5, 2022, at 10:55 a.m. Mountain time. The event will be webcast live from the Bellagio Hotel in Las Vegas, and interested parties can access the live broadcast and replays through Micron's Investor Relations website. Micron is recognized for its innovative memory and storage solutions, enhancing the data economy and supporting advancements in technologies such as artificial intelligence and 5G.
Micron Technology, Inc. (Nasdaq: MU) announced plans for a new memory design center in Midtown Atlanta, set to open in January 2022. This move aims to enhance Micron's access to local technical talent and foster partnerships with regional institutions such as Emory University and Georgia Tech. The center is projected to create up to 500 jobs in STEM fields, advancing Micron's leadership in DRAM and NAND technologies crucial for AI, 5G, and autonomous vehicles. This expansion is part of Micron's strategy to respond to the growing demand for memory and storage solutions.
Micron Technology (Nasdaq: MU) announced an expansion of its partnership with United Microelectronics Corporation (UMC) aimed at securing supply for automotive, mobile, and critical customers. This collaboration will enhance supply chain strength and address customer needs in the semiconductor industry. Micron's Executive VP, Manish Bhatia, emphasized the importance of this relationship for accessing essential products. UMC expressed its commitment to supporting Micron's goals with their advanced manufacturing capabilities, reinforcing the significance of industry collaboration.
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