Micron Technology Inc
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Information Technology : Semiconductors & Semiconductor Equipment | Large Cap Value
Company profile

Micron Technology, Inc. is engaged in semiconductor systems. The Company's portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.

Postmarket

Last Trade
Delayed
$73.40
0.07 (0.10%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$73.33
Day's Change
3.43 (4.91%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
74.38
Day's Low
70.54
Volume
(Heavy Day)
Volume:
31,203,700

10-day average volume:
19,039,146
31,203,700

Micron Readies World's First Multichip Package With LPDDR5 DRAM for Mass Production

8:00 am ET October 20, 2020 (Globe Newswire) Print

Micron Technology, Inc. (Nasdaq: MU), today announced the launch of uMCP5, the industry's first universal flash storage (UFS) multichip package with low-power DDR5 (LPDDR5) DRAM. Now ready for mass production, Micron's uMCP5 combines high-performance, high-density and low-power memory and storage in one compact package, equipping smartphones to handle data-intensive 5G workloads with dramatically increased speed and power efficiency. The multichip package uses Micron's LPDDR5 memory, high-reliability NAND and leading-edge UFS 3.1 controller to power advanced mobile features previously only seen in costly flagship devices using discrete products, such as stand-alone memory and storage. Now available on other high-end phones, these emerging technologies -- such as image recognition, advanced artificial intelligence (AI), multicamera support, augmented reality (AR) and high-resolution displays -- are becoming accessible to more consumers.

"Moving 5G's potential from hype to reality will require smartphones that can support the immense volumes of data flowing through the network and next-gen applications," said Raj Talluri, senior vice president and general manager of Micron's Mobile Business Unit. "Our uMCP5 combines the fastest memory and storage in a single package, unleashing new possibilities for 5G's disruptive, data-rich technologies right at consumers' fingertips."

Micron uMCP5 brings unparalleled speed and efficiency to the 5G ecosystem

This launch builds on Micron's March announcement of its sampling of uMCP5 and sets a new standard for the mobile market as the first multichip package to use the latest generations of UFS NAND storage and low-power DRAM. The vast volumes of data that smartphones must store and process today are pushing memory bandwidth to its limits with LPDDR4-based midtier chipsets. The result is lowered video resolution, frustrating lags and limited features.

With LPDDR5, Micron has significantly increased memory bandwidth from 3,733 to 6,400 megabits per second (Mb/s), enabling seamless, instant experiences for mobile users, even when using data-heavy features.

"5G provides smartphones with unprecedented multigigabit speeds to connect with the cloud," said Ziad Asghar, vice president of product management at Qualcomm Technologies, Inc. "We're excited that uMCP5 is now available, bringing memory on par with 5G speeds to a new generation of phones and enabling best-in-class gaming, differentiated camera and AI experiences, and ultrafast file transfers."

Designed specifically for next-generation 5G devices, uMCP5 can easily and quickly process and store massive amounts of data without compromising performance or power usage. High-performance memory and storage capabilities provide uMCP5 with the ability to fully support 5G download speeds and more applications running at once.

Micron uMCP5 features include:

Availability of Micron uMCP5

Now ready for mass production, uMCP5 is available in four distinct density configurations: 128+8 GB, 128+12 GB, 256+8 GB and 256+12 GB. To learn more, visit https://www.micron.com/products/multichip-packages/ufs-based-mcp.

About Micron Technology, Inc.

We are an industry leader in innovative memory and storage solutions. Through our global brands -- Micron and Crucial -- our broad portfolio of high-performance memory and storage technologies, including DRAM, NAND, 3D XPoint(TM) memory and NOR, is transforming how the world uses information to enrich life for all. Backed by more than 40 years of technology leadership, our memory and storage solutions enable disruptive trends, including artificial intelligence, 5G, machine learning and autonomous vehicles, in key market segments like mobile, data center, client, consumer, industrial, graphics, automotive, and networking. Our common stock is traded on the Nasdaq under the MU symbol. To learn more about Micron Technology, Inc., visit micron.com.

(C) 2020 Micron Technology, Inc. All rights reserved. Micron, the Micron logo, and Intelligence Accelerated are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.

Micron Media Relations Contact
Steffi Lau
Micron Technology, Inc.
+1 (408) 834-1618
steffilau@micron.com

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