Micron Technology Inc.

NASDAQ:MU   10:40:21 AM EDT
85.77
+1.06 (+1.25%)
Other Pre-Announcement

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

Published: 03/16/2021 20:43 GMT
Micron Technology Inc. (MU) - 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.