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Micron’s Growth Strategy Focuses on Higher Return on Investment

Paige Tanner
Micron’s Growth Strategy Focuses on Higher Return on Investment

Micron Technology (MU) is the third-largest memory chip maker in the world. Despite this, it recorded losses in the last memory downtrend in 2016 because it lagged behind Samsung (SSNLF) and SK Hynix in terms of cost competitiveness. Over the last two years, the company focused its R&D (research and development) efforts on the accelerated transition to smaller, more cost-effective nodes and high-value memory solutions.