Micron to Address Growing Opportunity for Memory, Storage Hierarchy Innovation
March 16, 2021 | Globe NewswireEstimated reading time: 1 minute
Micron Technology, Inc. has announced updates to the company’s portfolio strategy to further strengthen its focus on memory and storage innovations for the data center. Micron will increase investment in new memory products that leverage the Compute Express Link™ (CXL™), the recently introduced industry standard interface that enables flexible connection between compute, memory and storage. With immediate effect, Micron will cease development of 3D XPoint™ and shift resources to focus on accelerating market introduction of CXL-enabled memory products.
“Memory and storage are critical to the data economy, and the need for data center memory innovation has never been greater,” said Micron President and CEO Sanjay Mehrotra. “As a leader in memory and storage, Micron is committed to leading innovation to unleash the next generation of data centers. Today’s announcement reflects our focus to invest in high-value solutions for customers that also deliver strong shareholder returns.”
The broad proliferation of artificial intelligence and advances in data analytics are driving workload requirements that necessitate a change to compute architectures. The CXL interface opens up new paths for platform innovation and optimization in the data center. Micron sees immense promise in new classes of memory-centric solutions that utilize CXL to scale the capacity, performance and content required by applications to run on infrastructure with greater architectural freedom.
In addition, Micron has now determined that there is insufficient market validation to justify the ongoing high levels of investments required to successfully commercialize 3D XPoint at scale to address the evolving memory and storage needs of its customers. Micron’s portfolio changes do not impact the company’s overall technology investment levels as its focus on emerging memory solutions remains unchanged. Micron plans to apply the knowledge it has gained from the breakthroughs achieved through its 3D XPoint initiative, as well as related engineering expertise and resources, to new types of memory-centric products that target the memory-storage hierarchy.
In line with this new strategic focus, Micron is engaged in discussions for the sale of its Lehi, Utah, fab currently dedicated to 3D XPoint production. The company aims to reach a sale agreement within calendar year 2021.
These actions today may result in certain nonrecurring items in the company’s GAAP financial results but are expected to be accretive to Micron’s near-term and long-term non-GAAP financial performance.
Suggested Items
L3Harris Receives $182 Million Video Data Link IDIQ
09/19/2024 | L3Harris TechnologiesL3Harris Technologies has received an Indefinite Delivery, Indefinite Quantity (IDIQ) contract worth up to $182 million from the U.S. Air Force to deliver advanced situational awareness capabilities.
Singapore PC Market Shrank 7.7% YoY, Shipping 216 Thousand Units in 2Q24
09/17/2024 | IDCSingapore’s traditional PC market (inclusive of desktops, notebooks, and workstations) recorded 216 thousand units in 2Q2024, with a drop of 7.7% year-over-year (YoY), according to recent data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.
Omni Design Technologies Partners with Aura Intelligent Systems on Next Generation Radar
09/16/2024 | BUSINESS WIREOmni Design Technologies, a leading provider of high-performance, low-power data acquisition and signal-processing solutions, and Aura Intelligent Systems, a developer of high-resolution imaging radar for ADAS and autonomous vehicles, announced a partnership on Aura’s next generation digital radar development.
Duality AI Contracts with NASA JPL for Phase II of DARPA RACER Program
09/13/2024 | BUSINESS WIREDuality AI, the company behind Falcon, a digital twin simulation platform, today announced an agreement with NASA’s Jet Propulsion Laboratory (NASA JPL) in Pasadena to continue its work on Defense Advanced Research Projects Agency’s (DARPA’s) Robotic Autonomy in Complex Environments with Resiliency program (RACER).
Exowatt Unveils Pioneering Modular Energy Platform to Revolutionize Renewable Energy for AI-Driven Data Centers
09/13/2024 | BUSINESS WIREExowatt, a next-generation renewable energy company, announced the launch of its flagship product, the Exowatt P3, a groundbreaking modular energy solution designed to meet the growing power demands of data centers and energy-intensive industries.