News
MU
111.58
-0.18%
-0.20
Western Digital tops profit expectations on demand from cloud-computing customers
Western Digital tops profit expectations on demand from cloud-computing customers. Company's revenue rose 23% to $3.46 billion in the three months ended March 29. Results are latest sign that demand for memory chips is improving. Shares of the company were down about 1% in extended trading.
Reuters · 10h ago
Biden celebrates Micron chip factories, pitching voters on American ‘comeback’
MarketWatch · 10h ago
UPDATE 1-Biden announces preliminary deal with Micron for up to $6.14 bln in chip grants
U.S. President Joe Biden announces preliminary deal with Micron for up to $6.14 bln in chip grants. The agreement aims to boost domestic manufacturing of chips in New York and Idaho. Micron plans to invest $100 billion in NY and create 13,500 jobs.
Reuters · 11h ago
Biden Keeps Doling Out Billions to Chipmakers. Here's What Really Matters.
President Joe Biden announces $6.1 billion in grants to memory chip manufacturer Micron Technology. Micron is one of several chip makers receiving subsidies under the CHIPS Act. The act is a centerpiece of Biden's economic program. Microns is benefiting from a surge in demand for AI-related chips.
Barron‘s · 12h ago
Why Micron Technology Stock Bucked the Market Downtrend on Thursday
Micron Technology will receive $13 billion in federal grants and loans. The company is a supplier of memory chips to the U.S. Semiconductor industry. The funds will be used to build two new facilities in Idaho and New York. The stock of Micron Technology is up 0.5% Thursday.
The Motley Fool · 12h ago
Technology Sector Update for 04/25/2024: META, IBM, MU, HCP
NASDAQ · 13h ago
I'm Upgrading Micron To A Buy As It Wins The HBM Yield Race With SK Hynix
Memory companies are facing low yield rates in their race to pass qualification tests for NVIDIA's next-gen AI GPUs. Samsung may become the sole supplier of 12-layer HBM products for Nvidia. Micron's HBM3E solution will be part of NVIDIA's H200 Tensor Core GPUs. I'm upgrading Micron to a Buy as it wins the HBM Yield Race with SK Hynix.
Seeking Alpha · 14h ago
Micron's $6.1B CHIPS Act Funding Propels Major Expansion In US
Micron Technology, Inc (NASDAQ:MU) announced signing a non-binding Memorandum of Terms for $6.1 billion in funding under the CHIPS and Science Act. This funding will support Micron’s planned leading-edge memory manufacturing in Idaho and New York. Micron stock gained over 92% in the last 12 months.
Benzinga · 15h ago
SOXQ: An Optimal Portfolio For The Cyclical Recovery
Seeking Alpha · 15h ago
The timing may be just right to buy Nvidia or other semiconductor stocks
MarketWatch · 16h ago
Huawei-led firms receive Chinese backing to build advanced AI chips: report
Huawei-led firms receive Chinese backing to build advanced AI chips: report. Current U.S. Sanctions prevent China from importing cutting-edge AI chips from Nvidia. The Chinese consortium plans to develop their own by 2026. The chips will serve as a stand-in for Nvidia's advanced AI technology.
Seeking Alpha · 16h ago
Semiconductors largely higher even as big tech sells off; Intel results on deck
Semiconductors largely higher even as big tech sells off; Intel results on deck; Intel shares rose 1.2% on Thursday. STMicroelectronics shares rose 2% after the company offered up mixed first-quarter results. Semiconductor stocks were largely higher on Thursday amid a broader market sell-off. Intel is slated to report first- quarter results after the close of trading.
Seeking Alpha · 17h ago
Huawei-led Chinese firms aim to make advanced memory chips by 2026, The Information reports
Huawei-led Chinese firms aim to make advanced memory chips by 2026, The Information reports. Project is part of China's efforts to provide home-grown alternatives to Nvidia's AI chips. Group of Chinese chip companies led by Huawei Technologies aims to produce high-bandwidth memory semiconductors.
Reuters · 17h ago
Guru Fundamental Report for MU
NASDAQ · 19h ago
Micron wins ~$6.1B CHIPS Act grant to build three new fabs
Micron wins $6.1B CHIPS Act grant to build three new fabs in New York and Idaho. The U.S. Department of Commerce has reached a preliminary agreement with Micron to provide up to ~$6.14B in direct funding under the CHIPS and Science Act. Micron's chip-making facilities are expected to create 75,000 jobs.
Seeking Alpha · 21h ago
Micron Technology And The Biden-Harris Administration Have Signed A Non-binding Preliminary Memorandum Of Terms For $6.1B In Funding Under The CHIPS And Science Act To Support Planned Memory Manufacturing In Idaho And New York
Micron to invest $50 billion in U.S. Domestic leading-edge memory manufacturing through 2030. $6.1 billion in grants will support Micron's plans to build two new memory fabs in New York and Idaho. The grants are part of the CHIPS and Science Act.
Benzinga · 22h ago
MICRON TECHNOLOGY: CO, BIDEN-HARRIS ADMINISTRATION SIGNED NON-BINDING PRELIMINARY MEMORANDUM OF TERMS FOR $6.1 BLN IN FUNDING
Reuters · 22h ago
Press Release: Micron, Biden-Harris Administration, U.S. Senate Majority Leader Schumer Announce $6.1B in CHIPS and Science Act Funding for Historic Planned Investment in Domestic Leading-Edge Memory Manufacturing in Idaho and New York
Micron, Biden-Harris Administration, announce $6.1B in CHIPS and Science Act Funding for Historic Planned Investment in Domestic Leading-Edge Memory Manufacturing in Idaho and New York. Grants support Micron's plans to invest approximately $50 billion in gross capex through 2030. Memory fabs in Idaho, New York to strengthen U.S. Economic and national security, expected to create approximately 75,000 jobs.
Dow Jones · 22h ago
Press Release: Micron, Biden-Harris -2-
"Micron will be a national and global leader for decades to come," says Idaho Governor. Micron has submitted an application to the Department of Commerce to modernize its Manassas, Virginia fab. The company will invest in the White Pine Commerce Park in Central New York.
Dow Jones · 22h ago
Micron Gets $6.1 Billion to Build Three New Facilities
Micron Technology to build three chip-making facilities in New York and Idaho. The government grant will fuel up to $125 billion in investment by Micron over the next 20 years. Micron plans to build a facility equal to 40 football fields in Clay, N.Y. The grant is the latest under the 2022 Chips Act to boost chip production in the U.S.
The Wall Street Journal · 22h ago
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About MU
Micron Technology, Inc. is a provider of memory and storage solutions. The Company offers a portfolio of high-performance dynamic random-access memory (DRAM), NAND, and NOR memory and storage products through its Micron and Crucial brands. The Company’s segments include Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). The CNBU segment includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets. The MBU segment includes memory and storage products sold into smartphone and other mobile-device markets. The EBU segment includes memory and storage products and solutions sold into automotive, industrial, and consumer markets. The SBU segment includes SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets. It sells its products into various markets through its business units in numerous forms.