AI Prospecting for Micron Technology

Micron Technology will report its fiscal first quarter results on December 18, 2024, with a conference call at 2:30 p.m. Mountain time. The company recently announced the industry’s first E3.S 60TB SSD, the Micron ION 6550, which offers best-in-class energy efficiency for exascale data centers[1][2]. Additionally, Micron expanded its SSD portfolio with the new Crucial P310 2280 Gen4 SSD, targeting gamers and creators, and unveiled the industry’s fastest 2230 Gen4 consumer SSD for handheld gaming and ultrathin laptops[1]. The company also received $6.1 billion in CHIPS and Science Act funding for domestic leading-edge memory manufacturing in Idaho and New York[1].

Micron Technology's Q4 2024 revenue surged 93% year-over-year to $7.4 billion, driven by strong AI chip demand, particularly in data center DRAM and NAND memory. The company is expanding production capacity with new fabrication plants in Idaho and New York, supported by $6.14 billion from the CHIPS and Science Act[1][2].

Micron Technology has begun qualification of the Micron ION 6550, the industry’s first E3.S 60TB SSD, which delivers best-in-class energy efficiency and up to 67% more density per rack for exascale data centers[1][4].