Micron Technology, Inc. (Nasdaq: MU) news follows a Boise, Idaho memory and storage company whose DRAM, NAND and NOR products serve cloud, data center, mobile, client, automotive and embedded markets. The quarterly earnings releases report revenue, gross margin and operating margin for the Cloud Memory, Core Data Center, Mobile and Client, and Automotive and Embedded business units, along with GAAP and non-GAAP results and a business outlook, and Micron announces its earnings call dates in advance and webcasts the calls.
Product and technology announcements cover server memory and packaging, such as high-capacity modules built from vertically stacked DRAM dies connected by through-silicon vias for AI, analytics and in-memory database workloads. Research and investment news covers Micron Research Labs, the company’s long-horizon research institution in Boise, and Micron Ventures, whose Paradigm Fund backs AI startups across the technology stack.
Other recurring items include executive and research leadership appointments, workforce programs such as the Micron training center and registered apprenticeship program in Boise, and capital actions such as cash tender offers for the company’s senior notes.
Micron Technology (MU) has broken ground on a new High-Bandwidth Memory (HBM) advanced packaging facility in Singapore, representing an investment of approximately $7 billion through the end of the decade. The facility, the first of its kind in Singapore, is scheduled to begin operations in 2026, with significant capacity expansion planned for 2027 to meet growing AI demands.
The investment will initially create 1,400 jobs, with plans to expand to 3,000 positions, including roles in packaging development, assembly, and test operations. The facility will strengthen Singapore's semiconductor ecosystem and feature sustainable technologies including greenhouse gas abatement, water recycling, and waste circularity measures. The building will be highly automated with AI-based solutions and designed to meet LEED certification requirements.
Additionally, Micron plans to support long-term NAND manufacturing requirements in Singapore, with flexibility in managing capacity ramps for both HBM and NAND facilities based on market demand.
Micron Technology (MU) announced expansions to its Crucial consumer memory and storage portfolio, introducing the high-speed Crucial P510 SSD and expanding options across its DRAM portfolio. The P510 delivers read/write speeds of up to 11,000/9,550 MB/s with Gen5 performance, consuming 25% less power than previous generations.
The company unveiled several product updates including: the P510 SSD in 1TB and 2TB options with integrated heatsink; a heatsink version of the P310 2280 SSD compatible with PlayStation 5; new 32GB density options for Crucial DDR5 Pro OC Gaming Memory; 64GB Crucial DDR5 Pro Plug-and-Play Memory at 5,600 MT/s; expanded CUDIMM and CSODIMM solutions; and new 64GB density Classic DDR5 Memory options.
Pure Storage (NYSE: PSTG) announced an expanded strategic collaboration with Micron Technology to develop high-capacity, energy-efficient storage solutions for hyperscale data centers. The partnership will utilize Micron's G9 QLC NAND technology in Pure Storage's future DirectFlash® Module products, building on their decade-long relationship that includes seven generations of NAND integration.
The collaboration addresses three critical data center challenges: energy efficiency, storage density, and performance. Pure Storage's 150TB DirectFlash Module, which currently uses Micron's G8 QLC NAND, demonstrates their joint capability to deliver massive drive capacities with high performance and low latency.
The partnership aims to provide improved performance with lower latency, sustainable solutions with reduced energy consumption, and rack-dense scalable solutions at a reduced total cost of ownership compared to traditional hard drive-based storage solutions.
Micron Technology (MU) has appointed Mike Cordano as executive vice president of worldwide sales, effective immediately. Cordano succeeds Mike Bokan, who previously announced his retirement plans for fiscal 2025 after serving over 28 years with the company.
Cordano brings 30 years of executive leadership experience, including 8 years at Western Digital where he served as President and Chief Operating Officer. He also held leadership positions at Hitachi Global Storage Technology and was most recently Founder and Partner of Prime Impact Capital. He will report directly to CEO Sanjay Mehrotra.
Under Bokan's leadership, Micron achieved record revenue in its most recent fiscal quarter. Bokan will support Cordano during a transition period over the next several months to ensure continuity.
Micron Technology (MU) reported strong fiscal Q1 2025 results with record revenue of $8.71 billion, up from $7.75 billion in the previous quarter and $4.73 billion year-over-year. Data center revenue grew over 40% sequentially and over 400% year-over-year, surpassing 50% of total revenue for the first time.
The company posted GAAP net income of $1.87 billion ($1.67 per share) and non-GAAP net income of $2.04 billion ($1.79 per share). Operating cash flow was $3.24 billion. Gross margin improved to 38.4% GAAP and 39.5% non-GAAP. For Q2 2025, Micron expects revenue of $7.9 billion (±$200 million) with diluted EPS of $1.26 GAAP and $1.43 non-GAAP.
Micron Technology (MU) has scheduled its fiscal first quarter earnings conference call for Wednesday, December 18, 2024, at 2:30 p.m. Mountain time. The company will broadcast the call live via webcast on their investor relations website. Replay access will be available for approximately one year after the call through the same platform.
Micron Technology has announced the qualification of its 6550 ION NVMe SSD, the world's fastest 60TB data center SSD and first E3.S PCIe Gen5 60TB SSD. The device delivers 12GB/s performance while consuming only 20 watts of power, offering up to 20% better energy efficiency than competitors. Notable features include best-in-class endurance with 1.0 random drive writes per day, industry-leading security features, and the ability to store over 1.2 petabytes per rack unit. The drive can be fully written in just 3.4 hours, significantly faster than competing solutions, and reduces rack storage needs by up to 67%.
Micron Technology (MU) announced significant leadership changes as Board Chair Bob Switz will retire at the annual shareholders meeting on January 16, 2025. The Board unanimously approved CEO Sanjay Mehrotra as the new Board Chair and Lynn Dugle as Lead Independent Director. Since joining the Board in 2006 and becoming Chair in 2012, Switz helped drive strong governance and strategy, with the company increasing revenues over five times. Under Mehrotra's leadership since 2017, Micron has become a technology, product, and manufacturing leader, introducing multiple generations of DRAM and NAND ahead of competitors.
Micron Technology announced that its 9550 PCIe Gen5 E1.S data center SSDs have been added to NVIDIA's recommended vendor list for the GB200 NVL72 system. The 9550 SSD demonstrates superior performance metrics, delivering up to 34% higher throughput for NVIDIA Magnum IO GPUDirect and 33% faster workload completion times in graph neural network training. Additionally, it achieves 81% less SSD energy consumption per 1TB transferred and up to 43% lower SSD power in GNN training with BaM compared to other industry offerings.
Micron Technology (Nasdaq: MU) has launched a new category of clock driver memory with its Crucial® DDR5 CUDIMM and CSODIMM solutions, now shipping in volume. These JEDEC-standard solutions offer speeds up to 6,400 MT/s, more than twice as fast as DDR4 and 15% faster than traditional non-clock-driver-based DDR5. The new memory modules feature a clock driver directly on the module to stabilize speeds, addressing scaling challenges in DDR5 performance.
Intel has validated Micron's DDR5 CUDIMM and CSODIMM solutions up to 64GB capacities for use with Intel® Core™ Ultra processors. This enables system capacities up to 256GB for AI PCs and high-end workstations. Consumers can purchase 16GB capacities through Crucial.com, with 64GB capacities available through the channel in the first half of 2025.