Corporate News Blog - Micron Technology Adds Muscle to its R&D Capabilities; Opens a New Expanded Facility in Boise
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LONDON, UK / ACCESSWIRE / August 22, 2017 /Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Micron Technology, Inc. (NASDAQ: MU) ("Micron"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=MU. The Company announced on August 14, 2017, that it is opening a new research and development (R&D) facility at Boise, Idaho. The new facility is expected to double the Company's clean room space dedicated to R&D at Boise and strengthen its overall R&D capabilities. As the memory circuits get more complex and cater to highly specialized applications, R&D becomes the key to the Company's future growth and success. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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Commenting on the occasion, Sanjay Mehrotra, President, and CEO of Micron, said:
"Creating the world's most advanced semiconductors is a highly complex process. The work done by our industry-leading team of scientists and engineers here in Idaho will help shape tomorrow's technologies, products, and solutions including future generations of phones, vehicles, and data centers, and advance rapidly emerging trends such as artificial intelligence and big data analytics. Today's accomplishment of our R&D clean room space marks a significant acceleration of our innovation capabilities in Boise."
About the new R&D Facility at Boise
The new facility is poised to become the Company's Advanced Research Center since it is located near the Company's existing R&D facilities, the heart of Micron's global network of innovation. The area is set to become the Company's global technology development center. Boise will become an important R&D location which would lead the Company's foray in development of next-generation of technologies viz., future DRAM, 3D XPoint™ and 3D NAND. The new facility will focus on the development of new semiconductor-manufacturing processes and designs for these new memory and storage technologies. The new R&D facility once fully operational will become Micron's largest new memory and storage development facility in the Western Hemisphere.
The new facility was specifically created to expand the Company's pristine, precision-controlled environment for development and fabrication of advanced memory integrated circuits. These circuits are backed up by Micron's technical expertise and innovation capabilities developed over several years.
The expansion of the R&D facilities would allow the Company to accelerate the development of future generations of DRAM, NAND and emerging memory technologies. The memory and storage technologies developed at this location will be then adapted to production scale manufacturing. Once ready for production-scale manufacturing, these new technologies would be used across the Company's network of 12 global large-scale manufacturing plants.
The construction of the approximately $200 million facility started in October 2015 and was completed in July 2017. It is a 100,000-square-foot building which connects to Micron's existing R&D buildings. The construction of the building required 24,000 cubic yards of concrete just for laying the foundation. Approximately ten million pounds of steel and 240 miles of wires were used in the construction of the new building.
Boise – The Company's innovation centre
Scott DeBoer, Executive Vice President, Technology Development of Micron shared that the existing R&D facilities at Boise has developed the Micron's leading-edge DRAM technology (1Ynm). This technology has already been adapted for large-scale production and has been implemented at the Company's production unit at Hiroshima, Japan. Scott also shared that the R&D team at Boise facility has successfully completed the development process for 64-layer 3D NAND in the last one year. This technology has been now adapted at for volume production at the Company's Singapore based manufacturing unit.
About Micron Technology Inc.
Micron was founded in 1978 at Boise, Idaho, and it is a global leader in the semiconductor industry. TheCompany offers the most comprehensive range of memory solutions including DRAM, NAND, and NOR Flash, 3D XPoint™ memory, SSDs, modules, MCPs, HMC, and other system solutions. Micron's memory solutions enable the world's most innovative computing, consumer, enterprise storage, data-center, mobile, embedded and automotive applications. These memory solutions are offered via the Company's global brands — Micron, Crucial®, Lexar®, and Ballistix®. The Company owns 26,000 plus patents and has a presence in over 18 countries. Its operations are supported by a global team of over 30,000 employees.
Last Close Stock Review
At the closing bell, on Monday, August 21, 2017, Micron Technology's stock slipped 2.70%, ending the trading session at $29.56. A total volume of 26.21 million shares have exchanged hands. The Company's stock price skyrocketed 5.35% in the last three months, 24.36% in the past six months, and 81.91% in the previous twelve months. Moreover, the stock soared 34.85% since the start of the year. The stock is trading at a PE ratio of 13.62 and currently has a market cap of $32.11 billion.
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