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5		-Summary
	5	+= Summary =
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7		-Micron Technology, Inc. is a big player in the world of memory and storage technology.
	7	+* Micron Technology, Inc. is a big player in the world of memory and storage technology.
	8	+* Micron has a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products and market through Micron® and Crucial® brands.
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9		-Micron has a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products and market through Micron® and Crucial® brands.
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	12	+[[image:MU0.jpg||height="220" width="721"]]
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13		-Micron Technology (Nasdaq: MU) is an industry leader in memory and storage solutions. Micron has a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products and market through Micron® and Crucial® brands.
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	15	+Micron Technology (Nasdaq: MU, LSE: 0R2T) is an industry leader in memory and storage solutions. Micron has a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products and market through Micron® and Crucial® brands.
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16		-Recent Developments
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	18	+= Recent Developments =
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19		-Micron Unveils Industry-Leading Client SSD
	20	+**Micron Unveils Industry-Leading Client SSD**{{footnote}}https://investors.micron.com/news-releases/news-release-details/micron-unveils-industry-leading-client-ssd-fuel-demanding-pc{{/footnote}}
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21		-[[https:~~/~~/investors.micron.com/news-releases/news-release-details/micron-unveils-industry-leading-client-ssd-fuel-demanding-pc>>url:https://investors.micron.com/news-releases/news-release-details/micron-unveils-industry-leading-client-ssd-fuel-demanding-pc]]
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24	24	December 5, 2023; Micron Technology, Inc. announced it is shipping the Micron 3500 NVMe™ SSD, which leverages its 232-layer NAND to power demanding workloads for business applications, scientific computing, cutting-edge gaming and content creation, pushing the limits of what is possible. The Micron 3500 SSD, available in the M.2 form factor and with capacities up to 2TB, provides a superior user experience over the competition1 as proven by its best-in-class SPECwpcsm performance, including an up to 71% improvement for product development applications.
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27		-Micron First to Enable Ecosystem Partners.
	25	+**Micron First to Enable Ecosystem Partners.**{{footnote}}https://investors.micron.com/news-releases/news-release-details/micron-first-enable-ecosystem-partners-fastest-lowest-latency{{/footnote}}
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29		-[[https:~~/~~/investors.micron.com/news-releases/news-release-details/micron-first-enable-ecosystem-partners-fastest-lowest-latency>>url:https://investors.micron.com/news-releases/news-release-details/micron-first-enable-ecosystem-partners-fastest-lowest-latency]]
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31	31	November 9, 2023; Micron Technology, Inc. demonstrated its industry leadership by announcing its 32Gb monolithic die-based 128GB DDR5 RDIMM memory featuring best-in-class performance of up to 8000 MT/s1 to support data center workloads today and into the future. These high-capacity, high-speed memory modules are engineered to meet the performance and data-handling needs of a wide range of mission-critical applications in data center and cloud environments, including artificial intelligence (AI), in-memory databases (IMDBs) and efficient processing for multithreaded, multicore count general compute workloads. Powered by Micron’s industry-leading 1β (1-beta) technology, the 32Gb DDR5 DRAM die-based 128GB DDR5 RDIMM memory delivers the following enhancements over competitive 3DS through-silicon via (TSV) products.
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34		-Crucial Launches Lightning-Fast Gen4 Consumer NVMe SSDs.
	30	+**Crucial Launches Lightning-Fast Gen4 Consumer NVMe SSDs.**{{footnote}}https://investors.micron.com/news-releases/news-release-details/crucial-launches-lightning-fast-gen4-consumer-nvme-ssds-gamers{{/footnote}}
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36		-[[https:~~/~~/investors.micron.com/news-releases/news-release-details/crucial-launches-lightning-fast-gen4-consumer-nvme-ssds-gamers>>url:https://investors.micron.com/news-releases/news-release-details/crucial-launches-lightning-fast-gen4-consumer-nvme-ssds-gamers]]
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38	38	October 31, 2023; Micron Technology, Inc. announced the availability of the Crucial® T500 Gen4 NVMe® SSD as an expansion of its award-winning NVMe solid-state drive (SSD) portfolio. The Crucial T500 SSD is a best-in-class PCIe® 4.0 NVMe drive, which leverages Micron’s advanced 232-layer 3D NAND technology with industry-leading NAND I/O speeds of 2.4 gigabytes per second (GB/s) and is engineered to improve performance for console and PC gamers, photo and video editors and content creators. Available in two options, the T500 SSD with the heatsink is specifically designed for platforms like the PlayStation® 5 (PS5™) and PC gaming rigs, while the version without the heatsink fits well in laptops, desktops and workstations.
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41		-First Quarter of Fiscal 2024
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43		-December 20, 2023; Micron Technology, Inc. announced results for its first quarter of fiscal 2024, which ended November 30, 2023.
	36	+[[image:MU1.jpg]]
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45		-[[https:~~/~~/investors.micron.com/news-releases/news-release-details/micron-technology-inc-reports-results-first-quarter-fiscal-2024>>url:https://investors.micron.com/news-releases/news-release-details/micron-technology-inc-reports-results-first-quarter-fiscal-2024]]
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47		-.
	39	+= Financial Highlights =
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49		-Revenue of $4.73 billion versus $4.01 billion for the prior quarter and $4.09 billion for the same period last year
	41	+**First Quarter of Fiscal 2024**
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51		-GAAP net loss of $1.23 billion, or $1.12 per diluted share
	43	+December 20, 2023; Micron Technology, Inc. announced results for its first quarter of fiscal 2024, which ended November 30, 2023.{{footnote}}https://investors.micron.com/news-releases/news-release-details/micron-technology-inc-reports-results-first-quarter-fiscal-2024{{/footnote}}
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53		-Non-GAAP net loss of $1.05 billion, or $0.95 per diluted share
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55		-Operating cash flow of $1.40 billion versus $249 million for the prior quarter and $943 million for the same period last year.
	46	+* Revenue of $4.73 billion versus $4.01 billion for the prior quarter and $4.09 billion for the same period last year
	47	+* GAAP net loss of $1.23 billion, or $1.12 per diluted share
	48	+* Non-GAAP net loss of $1.05 billion, or $0.95 per diluted share
	49	+* Operating cash flow of $1.40 billion versus $249 million for the prior quarter and $943 million for the same period last year.
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58	58	Investments in capital expenditures, net were $1.73 billion for the first quarter of 2024, which resulted in adjusted free cash flows of negative $333 million for the first quarter of 2024. Micron ended the quarter with cash, marketable investments, and restricted cash of $9.84 billion. On December 20, 2023, Micron’s Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on January 18, 2024, to shareholders of record as of the close of business on January 2, 2024.
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61		-Company Overview
	55	+= Company Overview =
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63		-Micron Technology is an industry leader in memory and storage solutions. Micron designs, develops and manufactures memory and storage products. Micron has a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products and market through Micron® and Crucial® brands. The company manufacture its products at wholly-owned facilities and also utilize subcontractors for certain manufacturing processes.
	57	+Micron Technology is an industry leader in memory and storage solutions. Micron designs, develops and manufactures memory and storage products. Micron has a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products and market through Micron® and Crucial® brands. The company manufacture its products at wholly-owned facilities and also utilize subcontractors for certain manufacturing processes.{{footnote}}https://fintel.io/doc/sec-micron-technology-inc-723125-10k-2023-october-06-19636-4482{{/footnote}}
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65		-[[https:~~/~~/fintel.io/doc/sec-micron-technology-inc-723125-10k-2023-october-06-19636-4482>>url:https://fintel.io/doc/sec-micron-technology-inc-723125-10k-2023-october-06-19636-4482]]
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	60	+== Product Technologies ==
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68		-Product Technologies
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70	70	The company's product portfolio of memory and storage solutions, advanced solutions, and storage platforms is based on its high-performance semiconductor memory and storage technologies, including DRAM, NAND, and NOR. The company sell its products into various markets through its business units in numerous forms, including components, modules, SSDs, managed NAND, MCPs, and wafers. The company's system-level solutions, including SSDs and managed NAND, combine NAND, a controller, firmware, and in some cases DRAM.
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73		-DRAM: DRAM products are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval with a variety of performance characteristics. DRAM products lose content when power is turned off (“volatile”) and are most commonly used in client, cloud server, enterprise, networking, graphics, industrial, and automotive markets. LPDRAM products, which are engineered to meet standards for performance and power consumption, are sold into smartphone and other mobile-device markets (including client markets for Chromebooks and notebook PCs), as well as into the automotive, industrial, consumer, and datacenter markets.
	65	+DRAMDRAM products are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval with a variety of performance characteristics. DRAM products lose content when power is turned off (“volatile”) and are most commonly used in client, cloud server, enterprise, networking, graphics, industrial, and automotive markets. LPDRAM products, which are engineered to meet standards for performance and power consumption, are sold into smartphone and other mobile-device markets (including client markets for Chromebooks and notebook PCs), as well as into the automotive, industrial, consumer, and datacenter markets.
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