eastunder
2 days ago
Micron to invest $200 billion in US memory facilities
https://finance.yahoo.com/news/micron-to-invest-200-billion-in-us-memory-facilities-135800900.html
Daniel Howley Β· Technology Editor
Updated Thu, June 12, 2025 at 7:58 AM MDT 2 min read
Memory chip maker Micron (MU) announced on Thursday that it will invest an additional $30 billion in the US as it looks to build out its manufacturing and research and development facilities in Idaho and New York.
The move brings Micron's total US manufacturing and R&D investments up to roughly $200 billion, which would create some 90,000 direct and indirect jobs, the company said. Micron is receiving about $6.5 billion in funding from the US CHIPS and Science Act.
The plans call for Micron to build a second memory manufacturing plant at its Boise, Idaho, facility and a massive chip fabrication complex in New York. The company is also updating and expanding its Virginia plant.
Micron said it expects the second Idaho plant to help the company bring its advanced high-bandwidth memory (HBM) manufacturing to the US. HBM is a key component in AI data centers.
"Micron's investment in advanced memory manufacturing and HBM capabilities in the U.S., with support from the Trump Administration, is an important step forward for the AI ecosystem," Nvidia (NVDA) CEO Jensen Huang said in a statement.
"Micron's leadership in high-performance memory is invaluable to enabling the next generation of AI breakthroughs that NVIDIA is driving. We're excited to collaborate with Micron as we push the boundaries of what's possible in AI and high-performance computing," Huang added.
All totaled, Micron said the investments will allow the company to produce 40% of its DRAM memory in the US. Its initial Idaho plant is expected to begin pumping out the hardware in 2027. Micron also said it is set to begin preparing the ground for its New York facilities later this year.
"This approximately $200 billion investment will reinforce America's technological leadership, create tens of thousands of American jobs across the semiconductor ecosystem and secure a domestic supply of semiconductors β critical to economic and national security," Micron CEO Sanjay Mehrotra said in a statement.
"We are grateful for the support from President Trump, Secretary Lutnick and our federal, state, and local partners who have been instrumental in advancing domestic semiconductor manufacturing."
Micron isn't the only company bringing HBM production to the US. South Korea's SK Hynix is building a new HBM plant in Indiana as part of a $3.8 billion construction project.
The Trump administration, and the Biden administration before it, has made onshoring semiconductor manufacturing a key component of its domestic agenda as it seeks to wean the country off its dependence on foreign-made chips.
Companies ranging from Intel (INTC) and TSMC (TSM) to Samsung and GlobalFoundries (GFS) and others have recently announced plans to build or upgrade their facilities throughout the country, thanks in part to billions of dollars in funding through the CHIPS Act.
eastunder
3 weeks ago
Micron Technology to Report Fiscal Third Quarter Results on June 25, 2025
BOISE, Idaho, May 21, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) announced today that it will hold its fiscal third quarter earnings conference call on Wednesday, June 25, 2025, at 2:30 p.m. Mountain time.
The call will be webcast live at?http://investors.micron.com/. Webcast replays of presentations can be accessed from Micronβs Investor Relations website for approximately one year after the call.
About Micron Technology, Inc.
We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities β from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.
eastunder
3 months ago
Micron sells off after Q3 guidance fails to signal a meaningful near-term recovery
12:07:20 PM ET, 03/21/2025 - Briefing.com
After initially springing higher on decent earnings and revenue upside in Q2 (Feb), shares of Micron (MU -8%) quickly reversed course and sold off. The memory chip maker's guidance is driving today's downbeat reaction. MU guided to Q3 (May) adjusted EPS of $1.47-1.67, in-line with consensus, and revs of $8.6-9.0 bln, which was higher than consensus. While the guidance was decent, far better than the soft outlook MU provided in December, it ultimately did not signify a meaningful change in trend.
Recall last quarter, MU commented that consumer-oriented markets were weak, likely staying this way through Q2. However, management anticipated a return to growth during the back half of FY25 (Aug). As such, the market was looking for signs of this trend. At the midpoint of its Q3 revenue guidance, MU is targeting a 29% increase yr/yr, a further deceleration from the 38% jump posted in Q2, not much of a significant rebound. Given the bubbling macroeconomic uncertainty, which can cloud the timing of a recovery across the consumer electronics market, this guidance is not providing any relief today.
There were several silver linings from Q2 worth mentioning. Data center DRAM revs reached a new record. High bandwidth memory, or HBM (vital in AI workloads), surged by over 50% sequentially to a new milestone of over $1.0 bln in revs. MU commented that its HBM shipments were ahead of schedule. As a result, revs of $8.05 bln landed near the high end of MU's $7.7-8.1 bln guidance in Q2. AI remains a powerful driver of overall demand at MU. Major hyperscalers (Amazon, Microsoft, Google, etc.) reiterated substantial yr/yr capital investment growth earlier this year for 2025, creating a sturdy foundation for MU. The company expects mid-single-digit server unit growth in 2025, supported by traditional and AI servers. On that note, MU increased its HBM TAM estimate by $5 bln from last quarter to now exceed $35 bln. However, speaking of HBM, a possible threat looms in the distance. MU competes against two main DRAM suppliers, one of which is Samsung (SSNLF). Currently, MU is qualified as a supplier of HBM, alongside its other competitor SK Hynix, for NVIDIA's (NVDA) GB300, its highest-performing AI system for enterprises. If Samsung is qualified, it could significantly disrupt MU's position in this market. Meanwhile, MU's other segments are facing a weak economy. In PC, MU is still confident that the market will grow by mid-single digits in 2025, with growth weighted to the back half of CY25 due to the Windows 10 end-of-life in October. In mobile, MU's projections for volume growth in 2025 stayed at a low-single-digit percentage but was optimistic about ongoing AI adoption fueling increased DRAM demand. Lastly, in industrial and automotive, customers are in the later stages of inventory adjustments.