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Micron Technology, Inc. reports developments in memory and storage semiconductors for data centers, AI infrastructure, mobile and client devices, automotive systems, and embedded markets. The company’s updates center on DRAM, NAND, NOR, high-bandwidth memory, LPDDR memory, data center SSDs, and related storage products, including capacity and power-efficiency advances for compute-intensive workloads.
Recurring news also covers quarterly results by Cloud Memory, Core Data Center, Mobile and Client, and Automotive and Embedded units; customer and ecosystem collaborations; strategic investments tied to edge AI and physical AI; investor conference appearances; and balance-sheet actions such as cash tender offers for senior notes.
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.
Micron Technology (Nasdaq: MU) has launched the Crucial P5 Plus PCIe SSD, offering high-speed storage tailored for demanding users in gaming, video editing, and engineering. This SSD utilizes PCIe 4.0 NVMe technology, achieving sequential read speeds of up to 6600MB/s. It features advanced 176-layer TLC 3D NAND for improved performance and durability, with an MTTF of over 2 million hours. The P5 Plus is compatible with both Gen4 and Gen3 systems, promising enhancements of up to 67% in random read speeds compared to previous models.
Micron Technology (Nasdaq: MU) declared a quarterly dividend of $0.10 per share, payable on October 18, 2021, to shareholders of record by October 1, 2021. This milestone reflects Micron's transformation, showcasing its technology leadership, strong profits, and solid balance sheet, as emphasized by CEO Sanjay Mehrotra. The newly initiated dividend complements the company's previous share repurchase efforts, having returned approximately $4 billion since 2018, retiring 90 million shares at an average price of $42.
Micron Technology (Nasdaq: MU) has initiated volume shipments of its 176-layer NAND Universal Flash Storage (UFS) 3.1 mobile solution, enhancing performance for high-end smartphones. This technology boasts up to 75% faster sequential write speeds and 70% faster random read speeds compared to previous generations, enabling rapid downloads and superior multitasking capabilities. Notably, users can download two-hour 4K movies in just 9.6 seconds. Micron's UFS 3.1 offers improved endurance and is available in 128GB, 256GB, and 512GB capacities.
Micron Technology (Nasdaq: MU) announced a definitive agreement to sell its Lehi, Utah facility to Texas Instruments for $1.5 billion. This includes $900 million in cash and $600 million in tools and assets. TI plans to retain the skilled team from Lehi and implement its technologies at the site. This transaction follows Micron's earlier announcement to shift focus away from 3D XPoint technology towards new memory solutions utilizing CXL interconnects, aimed at meeting increasing demands in AI and data analytics.
Micron Technology (Nasdaq: MU) reported strong fiscal Q3 2021 results, with revenue of $7.42 billion, up from $6.24 billion in the prior quarter and $5.44 billion year-over-year. GAAP net income was $1.74 billion or $1.52 per diluted share. Non-GAAP net income reached $2.17 billion, yielding $1.88 per diluted share. Operating cash flow stood at $3.56 billion, reflecting significant business momentum. For Q4 2021, Micron anticipates revenue between $8.0 billion and $8.4 billion with a gross margin of 46%.
Micron Technology, Inc. (Nasdaq: MU) showcased its latest memory and storage innovations at Computex 2021, featuring the industry’s first 176-layer NAND and 1α DRAM technology. The new PCIe Gen4 SSDs, including the Micron 3400 and 2450, promise enhanced performance for high-demand applications. The rollout includes the world’s first automotive UFS 3.1 solution. Micron also announced the volume production of LPDDR4x DRAM, enhancing power efficiency, and engaged in a Technology Enablement Program for DDR5 to foster ecosystem growth.
Micron Technology (Nasdaq: MU) announced its fiscal third-quarter earnings conference call scheduled for June 30, 2021, at 2:30 p.m. Mountain Time. Investors can access the live webcast at Micron's Investor Relations website. The company, recognized as a leader in memory and storage solutions, focuses on high-performance products that drive advancements in technologies like artificial intelligence and 5G. Replays of the presentation will be available for one year.
Micron Technology issued a correction to a previous news release regarding a visit from the U.S. Secretary of Commerce and local leaders to its Manassas, Virginia fabrication facility. The initial announcement, sent out on May 24, 2021, at 6:24 p.m. PT, should be disregarded as it has been updated in a revised release sent out at 8:15 p.m. PT.
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