Micron Begins 1α DRAM Production in Virginia with $2B Investment, Quadrupling DDR4 Supply
MU has more than doubled off its 52-week low of $90.93.
Summary
Micron has begun 1α (1-alpha) DRAM manufacturing at its Manassas, Virginia fab, a $2 billion investment that will quadruple the company's DDR4 wafer supply. This move strengthens domestic memory production for critical industries like automotive and defense. It follows recent reports of strong demand outpacing supply for Micron's memory products, reinforcing the company's ability to meet market needs.
At the time of this announcement, MU was trading at $756.59 on NASDAQ in the Technology sector, with a market capitalization of approximately $859.4B. The 52-week trading range was $90.93 to $818.67. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.