BOISE - Micron Technology, Inc. (NASDAQ:MU) announced today that its latest NAND technology, the 232-layer QLC NAND, is now in mass production. This technology is integrated into the Micron 2500 NVMe SSD, which is currently shipping to enterprise storage customers and being sampled by OEM PC manufacturers.
The new 232-layer QLC NAND offers significant performance improvements over the previous generation, boasting industry-leading bit-density and NAND I/O speeds of 2400 MT/s. This represents a 50% increase in speed and a 24% and 31% improvement in read and programming performance, respectively, over the prior generation.
Micron's 2500 SSD is touted as setting a new standard for everyday computing, claiming to outperform the average scores of QLC and TLC competitors by up to 45% in PCMark® 10 experience benchmark results. It is also described as the world's first client SSD to integrate 200+ layer QLC NAND.
The SSD is available in multiple form factors and capacities, ranging from 512GB to 2TB. The 2TB 22 x 30mm option, in particular, is highlighted for its suitability in handheld gaming devices due to its compact size.
The Micron 2500 SSD's performance metrics show a significant advantage over TLC and QLC client SSDs in sequential read and write, as well as random read and write operations. The company also emphasizes the SSD's robust write endurance specification, with the 512GB model supporting the equivalent of thirteen 4K movie downloads per day for three years.
Micron's advancement in NAND technology is part of its ongoing commitment to innovation in the memory and storage market. The company's focus on customer needs and technology leadership is evident in its latest release, which aims to enhance user experience across various applications.
This announcement is based on a press release statement from Micron Technology, Inc.
InvestingPro Insights
Micron Technology, Inc. (NASDAQ:MU) has demonstrated a strong commitment to innovation with the launch of its 232-layer QLC NAND technology. As the company ventures into new market territories with its Micron 2500 NVMe SSD, investors are closely monitoring its financial health and market performance. Here are some insights based on real-time data and InvestingPro Tips that could be relevant for stakeholders:
InvestingPro Data:
- Micron's Market Cap stands robust at 134.4 billion USD, reflecting significant investor confidence in the company's market position.
- The company is currently trading at a Price to Earnings (P/E) ratio of -35.25, indicating market expectations of future profitability despite recent losses.
- A 1 Month Price Total Return of 31.98% showcases a strong short-term performance in the stock market, possibly driven by positive investor sentiment following recent announcements.
InvestingPro Tips:
- Analysts have revised their earnings upwards for the upcoming period, suggesting that the market anticipates a favorable financial trajectory for Micron.
- With a notable sales growth anticipated in the current year, Micron's mass production of its latest NAND technology could significantly contribute to this positive outlook.
Micron's strategic focus on developing cutting-edge technology like the 232-layer QLC NAND is not only a testament to its role as a prominent player in the Semiconductors & Semiconductor Equipment industry but also aligns with market expectations as reflected in the analyst revisions. Despite challenges such as operating with a moderate level of debt and past profitability concerns, the company's recent performance and forward-looking initiatives may continue to attract investor interest.
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