The American company Micron Technology, engaged in the production of semiconductor products, reported on the results of its II financial quarter, which ended February 27 this year.
Sales of chip makers are growing significantly amid the purchase of Japanese rival Elpida Memory. The main part of the company’s products are DRAM and NAND memory chips, flash memory, SSD drives, as well as CMOS sensors.
In the last quarter, Micron sales doubled to $ 4.11 billion. Net income was $ 731 million, or 61 cents per share. A year earlier, a loss of $ 286 million, or 28 cents per share, was recorded.
Excluding the cost of acquiring assets and other items of expenditure, the company’s profit amounted to 85 cents in terms of one security. Analysts polled by Thomson Reuters expected it to hit 76 cents per share on revenue of $ 3.99 billion.
The $ 2 billion acquisition of Japanese rival Elpida Memory helped Micron significantly increase its DRAM capacity and move closer to the Samsung Electronics market leader.