Amid its testing times, resulting from sluggish sales of computers and declining prices, memory chip maker Micron Technology received yet another big blow on Friday, when its chairman and CEO Steve Appleton died in a plane crash at an airport in Boise, Idaho.
The sudden and tragic death of 51-year-old Appleton is a major loss for the Idaho-based Micron Technology; more so because it comes at a time when the company, as well as the semiconductor industry as a whole, is undergoing a phase of rapid change.
Chip-manufacturer Micron Technology has introduced a new line of RealSSD solid-state drives (SSDs) that range in capacity from 64GB to 512GB.
Micron Technology's new RealSSD C400 flash drive line is based on its 25-nm NAND flash lithography technology. The new SSDs are available in 1.8-inch and 2.5-inch form factors.
Semiconductor maker Micron Technology Inc. reported Tuesday its first quarterly profit in nearly three years, sending shares up by 3.6 per cent to $9.75 in after-hours trading.
Micron said it pocketed $204 million or 23 cents per share in profit during the three months to December 3 as compared with a loss of $718 million in the year ago period.
The figure was better-than-expected as analysts had projected earnings of 7 cents on revenue of $1.6 billion.
Company's revenue jumped 24 per cent to $1.74 billion.