Micron Technology, an industry leader in memory and storage solutions, generated $8.64 billion in revenues in Q3 2022, an increase of nearly 11% as compared to $7.8 billion in revenue in Q2 2022.
Micron generates revenues from the sales of high-performance semiconductor memory and storage technologies (sold in the form of wafers, components, modules, SSDs, managed NAND, and MCP products). Micron generates a significant portion of its revenues from the sales of managed NAND and SSD products.
The manufacturing of semiconductors is largely dependent on the availability of materials or components, supplier source, and lead times, thus making the manufacturing process vulnerable to disruption in the supply chain leading to decreased revenues.
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.
NAND products are non-volatile, re-writeable semiconductor storage devices that provide high-capacity, low-cost storage with a variety of performance characteristics. NAND is used in SSDs for the enterprise and cloud, client, and consumer markets and in removable storage markets.
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