Micron Technology
Micron Technology manufactures DRAM, NAND, and HBM memory semiconductors for AI data centers and computing.
Updated May 2026
Overview
- Website
- micron.com
- Ownership
- Public
- Segment
- Memory & Storage Silicon
Product overview
Micron produces advanced DRAM including HBM3E for AI GPUs, DDR5 server memory, LPDDR for mobile/edge, NAND flash for SSDs, and managed NAND solutions., Customers include hyperscalers like Nvidia, cloud providers, OEMs such as Apple/Dell/Intel/AMD/Microsoft, automotive, and industrial firms, with data centers driving ~50% of FY2025 revenue. Distinct from Samsung/SK Hynix as the sole U.S.-based memory maker with leading HBM (e.g., 12-high HBM3E), 1γ EUV DRAM, global fabs, and CHIPS Act support for AI supply.
Revenue model
Primarily point-in-time sales of memory chips, modules, SSDs, and storage products to OEMs, distributors, and retailers across four segments (CMBU 36%, MCBU 32%, CDBU 19%, AEBU 13% in FY2025 totaling $37.38B), with DRAM ~76% and NAND ~23% of revenue; no long-term fixed contracts.
Moat
- Proprietary Technology
- Scale Advantages
- Regulatory Moat
Micron Technology's key competitive moat is its advanced proprietary High Bandwidth Memory (HBM3E and HBM4) technologies, which deliver superior power efficiency, higher yields, and premium pricing in the AI-driven memory market despite smaller capacity than rivals.
Stack lineage
What powers Micron Technology
No relationships recorded yet.
What Micron Technology powers
- NVIDIA
We purchase memory from SK Hynix Inc., Micron Technology, Inc., and Samsung.