Boston, MA 12/25/2013 (wallstreetpr) – It is hard to think about a better year for Micron Technology, Inc. (NASDAQ:MU) in recent times than 2013. The company has seen good things happening this year, and in this process, it has also built a strong bridge to the future.
Perhaps we have to refresh our memories, that this year Micron Technology climbed to the fifth position in the global semiconductor manufacturer rankings. This was a big jump considering the fact that last year the company was ranked at 10.
Besides going up in the manufacturer pecking order, the company has also given huge profits to its shareholders this year. It has also been able to improve its market share significantly.
Acquisition
Micron Technology, Inc. (NASDAQ:MU) acquired Japanese memory maker Elpida and achieved a significant improvement in its market share. Taking over Elpida Memory at $2.5 billion looked like a steal for Micron Technology which now has big companies like Apple Inc (NASDAQ:AAPL) as its chip clients courtesy – Elpida.
Infact, when MU had taken over Elpida in what is widely seen as a low-cost transaction, the memory market turned positive as supply shortage boosted demand and prices. In this process, the company is achieving continuous growth in sales each quarter in its basic chips.
Automata processor
Micron Technology, Inc. (NASDAQ:MU) has now announced a new line of processor which is not just one of a kind, but also delivers more power and efficiency. The processor, known as Automata Processor is able to scan through complicated data and deliver results in record time. Its applications are in the fields of medicine, security and data analytics.
However, the company is not yet celebrating. Being a rare chip, it still has a lot of ground to cover, before it can penetrate the market, where it is still comparatively unknown. Nonetheless, this new and powerful processor puts Micron Technology, Inc. (NASDAQ:MU) in yet another profitable path.
Micron Technology, Inc. (NASDAQ:MU) generated $1.71 billion in profits in its Q4.13, a huge jump, from $43 million in the earlier quarter.
