Summary by Futu AI
In 2024, Micron Technology reported a significant increase in DRAM revenue, reaching $17.60 billion, up from $10.98 billion in 2023. This growth was driven by the production of advanced 1α and 1β nodes, with expectations for 1γ node shipments in 2025. The company also reported NAND revenue of $7.23 billion, reflecting its continued innovation in high-density storage solutions.\nMicron's Compute and Networking Business Unit (CNBU) generated $9.51 billion in revenue, primarily from HBM, DDR5, and GDDR6 products. The Mobile Business Unit (MBU) reported $6.35 billion, driven by LPDDR5 and managed NAND solutions. The Embedded Business Unit (EBU) and Storage Business Unit (SBU) contributed $4.61 billion and $4.59 billion, respectively, highlighting strong demand across automotive, industrial, and data center markets.\nLooking ahead, Micron plans to leverage its advanced memory technologies to meet the growing demands of AI, high-performance computing, and data-centric applications, positioning itself for continued growth in the semiconductor memory and storage markets.
