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Morningstar•March 04, 2021
Morningstar•March 04, 2021Micron Technology, Inc.: Micron’s 2nd Straight Positive Announcement Bodes Well for Memory Recovery; Raising FVE to $75
Summary
Micron historically focused on designing and manufacturing DRAM for PCs and servers. The firm then expanded into the NAND flash memory market. It increased its DRAM scale with the purchase of Elpida (completed in mid-2013) and Inotera (completed in December 2016). The firm's DRAM and NAND products tailored to PCs, data centers, smartphones, game consoles, automotives, and other computing devices.
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Analyst Profile
Abhinav Davuluri
Sector StrategistAbhinav Davuluri, CFA, is a sector strategist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers microprocessors, wafer manufacturing equipment, and other companies in the semiconductor space.Before joining Morningstar in 2015, Davuluri spent two years as a process engineer for Intel.Davuluri holds a bachelor’s degree in chemical engineering from the University of Michigan. He also holds the Chartered Financial Analyst® designation.