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Microon reports quadruple revenue increase
Micron Technology announced a record revenue of $41.46 billion in the third quarter, marking an increase from $9.3 billion a year earlier, driven by strong demand for AI-related memory chips. The company's outlook for the current quarter suggests revenues of around $50 billion, with gross profit margins rising to 84.9%. All of its business units also experienced significant growth, especially data centers, which saw their revenues increase more than sevenfold. The company anticipates sustained high demand in the memory market even beyond 2027, having signed sixteen long-term agreements with major clients.
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