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BRIEF-Micron Says Will Increase Investment In New Memory Products That Leverage The Compute Express Link

· 03/16/2021 16:30
BRIEF-Micron Says Will Increase Investment In New Memory Products That Leverage The Compute Express Link

- Micron:

  • MICRON SAYS WILL INCREASE INVESTMENT IN NEW MEMORY PRODUCTS THAT LEVERAGE THE COMPUTE EXPRESS LINK

  • MICRON - CO WILL CEASE DEVELOPMENT OF 3D XPOINT & SHIFT RESOURCES TO FOCUS ON ACCELERATING MARKET INTRODUCTION OF CXL-ENABLED MEMORY PRODUCTS

  • MICRON - PORTFOLIO CHANGES DO NOT IMPACT CO’S OVERALL TECHNOLOGY INVESTMENT LEVELS AS ITS FOCUS ON EMERGING MEMORY SOLUTIONS REMAINS UNCHANGED

  • MICRON - ENGAGED IN DISCUSSIONS FOR THE SALE OF ITS LEHI, UTAH, FAB CURRENTLY DEDICATED TO 3D XPOINT PRODUCTION

  • MICRON - INVESTMENT ACTIONS ARE EXPECTED TO BE ACCRETIVE TO CO’S NEAR-TERM AND LONG-TERM NON-GAAP FINANCIAL PERFORMANCE

  • MICRON - AIMS TO REACH A SALE AGREEMENT FOR LEHI FACTORY WITHIN CALENDAR YEAR 2021

  • MICRON - INVESTMENT ACTIONS MAY RESULT IN CERTAIN NON-RECURRING ITEMS IN CO'S GAAP FINANCIAL RESULTS

  • MICRON - DETERMINED THERE IS INSUFFICIENT MARKET VALIDATION TO JUSTIFY HIGH LEVELS OF INVESTMENTS REQUIRED TO COMMERCIALIZE 3D XPOINT AT SCALE

Source text for Eikon: ID:nGNX9tCrg2

Further company coverage: MU.O


((Reuters.Briefs@thomsonreuters.com;))