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General

Micron Q1 beats expectations, driven by strong end-market demand

Friday 8 January 2021 | 12:02 CET | News
Micron Technology reported higher results for its fiscal first quarter to 3 December, than it guided for late last year when it raised expectations. CEO Sanjay Mehrotra said  the quarter was driven by a focused execution of operations and strong end-market demand, with a strengthening seen in DRAM industry fundamentals. Mehrotra said the company is, for the first time in its history, leading on both DRAM and NAND technologies, and that it was well placed to benefit from innovations fueled by AI, 5G, cloud and intelligent edge.

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Categories: General
Companies: Micron Technology
Countries: World
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