Micron Technology Inc is a 40-year-old American global corporation that mainly deals with the production of semi-conductor devices such as solid-state devices (SSD), flash memory, etc. It was involved in a couple of joint ventures with Intel and IM flash technologies in Utah and Singapore. With efficient leaders on its side, the corporation went on to acquire several significant assets such as Lexar, Powerchip and many more. As a result, the company was growing rapidly, yet continuously.
The road to success is not very smooth and shiny andhas lots of obstacles. It would be appropriate to say that micron has seen its fair share of bumps and craters as well. One of the more difficult hurdles would be the cyclical nature of the stock market. The controllers at micron knew this well and had early plans to keep themselves safe.
It was going all too well for the company when suddenly the bomb dropped. That bomb was the cold war between the U.S and china for monopoly over the world trade market. Irrespective of the industry, the trade war between U.S and China has definitely hit stocks worldwide. But this did not affect the corporate mammoth to a crippling extent. Eventually after this hefty blow, mu had to pick up the pieces and start from scratch. The volatility that followed did not spare mu earnings also.While revenue, sales and the numbers were high, micron was hit in the management side. Their leaders struggled to patch the wounds of the battle. In the end it was their detailed strategies, brave attitude and smart decisionsthat did the trick.
Micron has been one of the most consistent players in the whole circuit. They have mostly been a favourable long-term investment for most people. Despite its recent decline, mu earnings have a steady growth graph and hold one of the leading positions in the SATA SSD market as well. This is one of the reasons why investors shouldn’t shut them out yet.
At the same time the need for storage solutions can never go out of fashion. To keep up withthe demand, micron has plans to expand by setting up a new plan in Virginia. Once the plant is fully functional, the company is set to reach the top. Micron’s annual revenue is expected to be more than 6 times of what it is now. That must be some good news for the people looking to buy or sell stocks.
Right from the time of initialisation, the micron company has been known to cleverly ward off all evil and has not suffered much of a damage. Butowing to current trends, investors have to wait for the new mu earnings date to know for themselves if the company has managed to turn things around or not.Finally, the uncertainty of the technological market may make investors hesitant, but putting your money in a place such as Micron technology that has been progressing accurately and sustainably can never go wrong.