Micron Technology (MU) Stock: Why It Increased 1.88%

By Amit Chowdhry ● Jun 22, 2022
  • The stock price of Micron Technology, Inc. (NASDAQ: MU) increased by 1.88% in the most recent trading session. This is why.

The stock price of Micron Technology, Inc. (NASDAQ: MU) increased by 1.88% in the most recent trading session. Investors responded positively to Micron Technology announcing the expansions to its embedded product portfolio and ecosystem partnerships to deliver powerful solutions optimized for complex memory and storage demands at the intelligent edge.

The company is sampling to customers the world’s highest-capacity microSD card called the i400 at an unprecedented density of 1.5 terabytes (TB). And this card is designed for industrial-grade video security with the world’s first 176-layer 3D NAND, also pioneered by Micron. To better provide its high-performance, ruggedized solutions to the industrial market, Micron is also adding partners to its Industrial Quotient (IQ) partner program. Plus the company is announcing it has received the first International Organization of Standardization (ISO) 26262 Automotive Safety Integrity Level (ASIL) D certification of memory for its low-power double data rate 5 (LPDDR5) DRAM, which is based on its first-to-market 1α (1-alpha) process node. With next-generation advanced driver-assistance systems (ADAS) applications requiring increasing levels of autonomy and safety, this certification validates that Micron’s LPDDR5 meets strict functional safety standards and positions it to enable innovations that will unleash full autonomy in intelligent vehicles.

These solutions generate more value for enterprises at the intelligent edge with proprietary features purpose-built for industrial applications. And unlike consumer-grade memory and storage that can malfunction in industrial environments and result in critical data loss or disrupted operations, Micron’s i400 and automotive LPDDR5 are uniquely tailored to offer the longevity and reliability needed to speed innovation and extract greater business value at the edge.

KEY QUOTE:

“With edge devices generating critical insights for everything from public safety to vehicle autonomy to manufacturing operations, today’s smart applications cannot afford to compromise on latency or quality. Micron’s newest high-performance, ruggedized solutions — our i400 microSD card for video security and automotive ASIL-D-qualified LPDDR5 — will unlock new value for businesses and drive the rapid innovation needed at the intelligent edge.”

— Kris Baxter, corporate vice president and general manager of Micron’s Embedded Business Unit

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.