Micron Technology, the world’s third–largest memory chipmaker, avoided supply chain snags with nearly quadruple profits in its latest fiscal quarter, ended on Mar. 3. The chipmaker posted net income of $2.3 billion during its second quarter compared with $603 million in the same period a year earlier.
“Execution was outstanding with our industry–leading 1–alpha DRAM and 176–layer NAND technology node ramps delivering strong cost reductions,” Micron CEO Sanjay Mehrotra said on a Mar. 29 conference call with analysts. “Our portfolio transformation continues to gain momentum as we lead the industry on the DDR5 transition and grow our mix of NVMe data center SSDs.”
The company navigated through both Covid lockdowns in China as well as the Russian war in Ukraine; events that still threaten to constrain its supply chain.
