Micron Consolidates Memory Operations
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Micron Technology announced an internal reorganization late Thursday as it pushes forward with its plan to diversify into more profitable, higher-growth markets.
The move, announced a day before Micron’s annual analysts meeting, comes as Micron is taking steps to shift its focus from commodity DRAM memory to higher-margin semiconductor products like NAND flash memory, image sensors and specialty DRAM. In Micron’s most recently completed quarter, sales of such chips accounted for 45% of overall sales. Micron’s profit in its fiscal first quarter plunged about 60% from the same time a year ago, as prices of DRAM memory chips declined 15%.
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