# Micron Technology **Source:** https://geo.sig.ai/brands/micron-technology **Vertical:** Semiconductors **Subcategory:** HBM Memory **Tier:** Leader **Website:** mu.com **Last Updated:** 2026-04-14 ## Summary Micron Technology (MU) reported $25.1B revenue in FY2024 (ended Aug), up 62% YoY. HBM revenue growing rapidly. Market cap ~$120B. 48,000+ employees. Boise, ID. Leading supplier of HBM3E memory for NVIDIA GPUs. ## Company Overview Micron Technology was founded in 1978 and is headquartered in Boise, Idaho. As one of the world's largest producers of semiconductor memory and storage solutions, Micron's mission is to transform how the world uses information by engineering leading memory and storage technologies. The company designs and manufactures DRAM, NAND flash, and NOR flash memory products, serving customers across data centers, mobile devices, automotive systems, and consumer electronics. Micron trades on the NASDAQ under the ticker MU and employs over 48,000 people globally across design, manufacturing, and sales operations.\n\nMicron's product portfolio spans a wide range of memory architectures, with particular strategic focus on High Bandwidth Memory (HBM) — the specialized DRAM stack architecture required by modern AI accelerators. Micron's HBM3E memory has become a critical component in NVIDIA's flagship GPU platforms, including the H100 and H200, directly enabling the high-throughput memory access that large language models and AI training workloads require. Beyond HBM, Micron supplies DDR5, LPDDR5X, and enterprise SSDs to hyperscale cloud providers, OEMs, and device manufacturers worldwide. The company's manufacturing footprint includes fabs in the United States, Japan, Taiwan, and Singapore, with ongoing investment in U.S. domestic production supported by CHIPS Act funding.\n\nMicron reported revenue of $25.1 billion in fiscal year 2024, representing 62% year-over-year growth driven by surging AI-related memory demand. The company's market capitalization stands at approximately $120 billion, reflecting its critical position in the AI infrastructure supply chain. With HBM revenue growing rapidly quarter over quarter and Micron securing a place in NVIDIA's supply chain for next-generation GPU platforms, the company is emerging as one of the primary beneficiaries of the global AI infrastructure buildout. ## Frequently Asked Questions ### What does Micron Technology manufacture? Micron Technology manufactures memory and storage products including dynamic random-access memory (DRAM), DRAM modules, high-bandwidth memory (HBM), NAND flash, NOR flash, multichip packages, graphics memory, and memory cards. These products are essential components in devices ranging from smartphones and computers to data centers and automotive systems. Micron is particularly known for its industry-leading HBM3E memory products that deliver over 1.2 TB/s of bandwidth for AI applications. ### Where is Micron Technology headquartered? Micron Technology is headquartered in Boise, Idaho, USA, where it was founded in 1978. The company maintains deep roots in Idaho while operating globally with approximately 48,000 team members across 18 countries, 11 manufacturing sites, and 21 design centers worldwide. ### What is HBM and why is it important for Micron? High Bandwidth Memory (HBM) is an advanced memory technology that provides extremely high data transfer rates essential for AI and data-intensive computing. Micron's HBM3E products deliver over 1.2 TB/s of bandwidth at up to 30% lower power consumption than competitors. HBM has become critically important for Micron's business, with the company's HBM3E memory sold out for calendar 2024 and most of 2025. Micron expects to generate multiple billions of dollars in HBM revenue in fiscal 2025, up from several hundred million in fiscal 2024, as AI demand drives unprecedented growth. ### How is Micron performing financially? Micron has delivered exceptional financial performance driven by AI demand. In fiscal Q4 2024, the company reported revenue of $7.75 billion, representing 93% year-over-year growth. Full fiscal year 2024 revenue was $25.1 billion, up 62% year over year. The company achieved operating cash flow of $3.41 billion (44% of revenue) in Q4 fiscal 2024. In fiscal 2025, Micron continued strong performance with Q4 revenue of $11.32 billion and GAAP net income of $3.20 billion, closing out what CEO Sanjay Mehrotra called a 'record-breaking fiscal year.' ### What is Micron's market share in memory chips? Micron holds approximately 20-25% market share in the overall DRAM market. In the high-bandwidth memory (HBM) segment, Micron had about 5.1% market share in 2024 according to TrendForce, behind SK hynix (52.5%) and Samsung (42.4%). However, Micron expects to achieve HBM market share commensurate with their overall DRAM market share (20-25%) sometime in calendar 2025 as production capacity ramps up. ### What products does Micron ship with NVIDIA? Micron's 24GB 8-high HBM3E memory ships with NVIDIA H200 Tensor Core GPUs, which are used for advanced AI workloads. Micron also offers production-capable 36GB 12-high HBM3E solutions for next-generation AI applications. These partnerships with NVIDIA, a leader in AI computing, position Micron as a critical supplier for the AI infrastructure market. ### What is the work culture like at Micron? Micron has a strong company culture focused on diversity and inclusion, with 79% of employees saying it is a great place to work compared to 57% at typical U.S. companies. The company emphasizes values of People, Innovation, Tenacity, Collaboration, and Customer Focus. Employees praise Micron's inclusive and supportive work environment and diverse culture. However, some note that work-life balance depends heavily on team and manager, with 50-60 hour weeks common during high-pressure product ramps, and some engineering teams experiencing stretch due to high demand. ### What benefits does Micron offer employees? Micron offers comprehensive benefits including choice of medical, dental and vision plans, competitive life and disability insurance, paid maternity/paternity leave, paid time off starting at 5.31 hours per bi-weekly pay period (increasing annually to 6.93 hours), competitive 401(k) plan with investment options, employee stock purchase program at a discount, Academic Advancement Program providing tuition support for degrees and certifications, and Micron University for skills enhancement. Employees rate their Perks and Benefits an average of 81/100. ### How many patents does Micron hold? As of 2024, Micron has reached a major milestone of 60,000 lifetime patents granted, with over 57,000 active patents. This extensive patent portfolio reflects the bold thinking and technical excellence of Micron's global teams who continue to push the boundaries of semiconductor technology and demonstrates the company's sustained commitment to innovation. ### What is Micron's 1-gamma DRAM technology? In March 2025, Micron announced the launch of their 1-gamma DRAM node, representing the company's most advanced DRAM manufacturing process technology. This technology enables higher density, better performance, and improved power efficiency for DRAM products. The 1-gamma node demonstrates Micron's continued technology leadership and ability to deliver cutting-edge memory solutions for data center, mobile, and other applications. ### Is Micron developing HBM4? Yes, Micron is actively developing both HBM4 and HBM4E technologies as part of its roadmap. HBM4 memory is expected to boost pin speeds to 11 Gb/sec, meaning a stack can drive 2.8 TB/sec of aggregate bandwidth, nearly doubling the bandwidth of current HBM3E products. This demonstrates Micron's commitment to staying at the forefront of high-bandwidth memory technology for future AI and computing applications. ### What are Micron's data center revenue trends? Micron has seen explosive growth in data center revenue driven by AI demand. In Q1 fiscal 2025 (December 2024), data center revenue surpassed 50% of total revenue for the first time in company history. By Q3 fiscal 2025, data center revenue had tripled from a year earlier. Data center SSD sales exceeded $1 billion in quarterly revenue for the first time in Q4 fiscal 2024, demonstrating strength across both DRAM and NAND products for data center applications. ## Tags b2c, hardware, manufacturing, mobile-first, public --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*