Micron

What Micron does

Micron Technology, Inc. is a US-headquartered semiconductor memory manufacturer founded in 1978 and headquartered in Boise, Idaho. The company produces DRAM (including DDR4, DDR5, and LPDDR4), NAND flash, and High-Bandwidth Memory (HBM) products sold to AI hyperscalers, OEMs, automotive, defense, industrial, networking, and consumer electronics customers. Micron is one of only three companies—alongside Samsung and SK Hynix—controlling approximately 90% of the DRAM market, and is the sole US-headquartered major DRAM producer.

The company's technology stack is built on proprietary 1α (1-alpha) nm DRAM process technology and G9 NAND architecture. Its current-generation offerings include HBM3E memory certified for NVIDIA AI accelerators, the 245TB Micron 6600 ION SSD (purported to be the world's highest-capacity commercially available SSD), and 256GB DDR5 RDIMM server modules. Manufacturing operations span Idaho (headquarters and new fab), Virginia (the Fab 6 facility, now producing 1α nm DRAM— the most advanced DRAM ever domestically manufactured in the United States), New York (megafab under construction in Clay), and Taiwan, supported by a $200 billion US investment plan and over $25 billion in projected FY2026 capex, with $275 million in CHIPS and Science Act funding backing the Virginia expansion.

Revenue is generated primarily through direct hardware sales to hyperscale cloud operators (Google, Microsoft, Amazon, Meta) under multi-year contracts, supplemented by OEM embedding through server and storage system builders (Dell Technologies) and ecosystem partnerships with AI chip designers (NVIDIA, Marvell). In Q2 FY2026, Micron reported $23.86 billion in revenue (up 196% year-over-year), 74.9% non-GAAP gross margin (with Q3 guidance of 81%), and approximately $38 billion in projected FY2026 free cash flow—figures that drove the stock above a $1 trillion market capitalization for the first time on May 26, 2026.

Name

Micron

Legal name

Micron Technology, Inc.

Website

https://micron-kobe.com

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

101–250 employees

Short description

Micron Technology, Inc. is a US-headquartered semiconductor memory manufacturer producing DRAM, NAND, and High-Bandwidth Memory (HBM) chips for AI hyperscalers, OEMs, and long-lifecycle automotive and defense customers. Q2 FY2026 revenue reached $23.86 billion, nearly tripling year-on-year, with the stock reaching a $1 trillion market cap in May 2026.

Ownership category

akta.pro rank

Product category

Clinical Research Services (Imaging CRO)

NAICS

Scientific Research and Development Services (5417), Research and Development in the Physical, Engineering, and Life Sciences (54171)

SIC

Services-Commercial Physical & Biological Research (8731)

akta.pro industry

PRIMARYHLAGAAAA

Clinical CROs (Phase I–IV)

Healthcare & Life Sciences/Life Science Tools & Services (CRO/CDMO/Lab Services)/Contract Research Organizations (CRO)

SECONDARYHLAGAAAL

Specialty Therapeutic-Area CROs (e.g., oncology/rare disease)

Healthcare & Life Sciences/Life Science Tools & Services (CRO/CDMO/Lab Services)/Contract Research Organizations (CRO)

Keywords

• Imaging CRO services
• Clinical trial imaging
• Theranostics development
• SaMD regulatory support
• Medical device distribution

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. DRAM (Dynamic Random-Access Memory): Primary revenue driver including DDR4, DDR5, LPDDR4 for data center, automotive, defense, networking, and consumer applications. Q2 FY2026 DRAM ASP rose 60% quarter-on-quarter. Micron is the only US-headquartered DRAM maker. Revenue was $23.86B in Q2 FY2026, nearly triple year-ago levels of $8.05B.
2. NAND Flash Memory: NAND flash products including enterprise SSDs for AI server infrastructure. Micron and SanDisk are tied at ~$5.95B in NAND revenue for Q1 2026 per TrendForce. Supply shortages expected to persist through 2026.
3. High-Bandwidth Memory (HBM): Premium AI-specific memory with NVIDIA certification, fully sold out through 2026. HBM gross margins reached ~66%+ (Cloud Memory segment). Five-year HBM sales agreements with hyperscalers provide revenue visibility.
4. Enterprise SSD Solutions: Data center SSDs including the 245TB Micron 6600 ION shipping to customers including Dell Technologies. Positioned as HDD replacement for AI and hyperscale environments.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Micron (株式会社マイクロン) is an Asia-based imaging Contract Research Organization (CRO) providing clinical trial imaging services, theranostics development support, SaMD (Software as a Medical Device) development, regulatory consultation, clinical development support, and medical device distribution for pharmaceutical, biotech, and medical device companies. The company specializes in imaging biomarker development and standardization across clinical trial phases, with more than 20 years of experience serving 270+ client companies and academic institutions across 20+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• Crucial: Consumer memory products brand (though recent reports indicate Micron has shut down Crucial brand operations)

Products and services

• Imaging CRO Services Global imaging CRO services for clinical trials, leveraging deep expertise across multiple imaging modalities to support trial design, operations, and standardized image evaluation for pharmaceutical and medical device sponsors.
• Theranostics Development Support End-to-end development support for radio-pharmaceutical theranostics, integrating manufacturing, clinical development, and image evaluation into a single workflow for sponsors in the radiopharmaceutical space.
• SaMD Development Support Development support for AI/ML-driven Software as a Medical Device programs, including regulatory strategy, clinical evaluation, approval and certification submission, and Marketing Authorization Holder (MAH) system setup for diagnostic and therapeutic device sponsors.
• Clinical Development Support Comprehensive clinical development support covering trial planning, execution, and progress management, balancing quality and speed to ensure reliable trial operations for pharmaceutical and medical device sponsors.
• Regulatory Consultation Services Regulatory affairs consultation for pharmaceutical and medical device development, supporting sponsors with strategy and submission preparation across Japanese and global approval pathways.
• Quality Management System (QMS) Services Quality management system consulting and operational support for pharmaceutical, medical device, and SaMD development programs, ensuring compliance with applicable quality standards.
• Medical Device Sales and Distribution Sales and distribution of medical devices including image analysis software, professional and home-use medical devices, and femtech products addressing women's health and broader medical and healthcare needs.
• INDICATE Diagnostic and Therapeutic Bridging Support Support service bridging diagnostics and therapeutics, including AI-powered brain MRA image analysis software, designed to connect diagnostic imaging insights with therapeutic development and clinical decision-making.
• MAH / DMAH Services Marketing Authorization Holder and Designated Marketing Authorization Holder services enabling foreign and domestic sponsors to obtain and operate Japan market authorization, including sales and market introduction support.
• Investigational Drug GMP Development Support Support for building investigational drug GMP-compliant manufacturing and supply systems tailored to imaging clinical trials, including radio-pharmaceutical and other imaging agent development.

Quantifiable outcome

• 84x better energy efficiency and 8.6x faster AI preprocessing vs HDDs with Micron 6600 ION 245TB SSD
• +6 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Partnerships

Five partnerships are on record, tiered major and core.

• AnthropicmajorStrategic or Co-development Partner · 29 May 2026Micron is listed as a strategic infrastructure partner in Anthropic's historic $65 billion Series H funding round, which pushed Anthropic's valuation to $965 billion. The round was co-led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue, D1 Capital Partners, GIC, ICONIQ, and XN. Micron provides memory chips for Anthropic's AI compute infrastructure as part of the strategic partnership.
• Marvell TechnologycoreTechnology or Integration · 26 May 2026Marvell Technology is building custom HBM architecture in collaboration with Micron, SK Hynix, and Samsung, positioning Marvell as a beneficiary of the sustained memory undersupply (30–50% through 2026–2027) and HBM price increases. Micron's HBM supply relationship with Marvell is part of the broader AI memory ecosystem integration.
• NVIDIAcoreTechnology or Integration · 9 May 2026Micron achieved NVIDIA HBM3E certification for supply to NVIDIA AI accelerators, entering the AI computing infrastructure ecosystem. This certification validates Micron's HBM quality and performance for the leading AI GPU platform. Micron's HBM is fully sold out through 2026. NVIDIA CEO Jensen Huang's comments about being in the early stages of the AI revolution have influenced Micron's stock performance.
• Applied MaterialscoreTechnology or Integration · 8 May 2026Applied Materials partnered with Micron to develop next-generation memory for AI applications. This collaboration leverages Applied Materials' deposition and etching expertise with Micron's memory design and process capabilities to advance AI-specific memory technology. Applied Materials also signed a definitive agreement to acquire NEXX from ASMPT Limited to expand its advanced packaging portfolio.
• Dell TechnologiescoreTechnology or Integration · 5 May 2026Dell Technologies has indicated it will incorporate the Micron 6600 ION 245TB SSD into its data center product lineup. The SSD is positioned as a meaningful total cost of ownership reduction for AI and large-scale data center environments compared to traditional HDD storage.

Scale indicators17 records

Recent moves7 records

Expansion highlights6 records

Peers

• IXICO plc:

Direct peers

• A2 Healthcare Corporation: Japan-based CRO offering clinical trial management, data management, and biostatistics services. Comparable mid-sized Japanese CRO competitor with overlapping sponsor base and clinical development capabilities.
• Imaging Endpoints: Specialty imaging CRO focused on independent imaging review and AI-driven imaging biomarker analysis for oncology and other therapeutic trials. Comparable to Micron's specialty positioning in imaging endpoints, with larger oncology franchise.
• Clario (formerly Bioclinica): Global clinical trial technology and imaging CRO offering imaging management, eCOA, and decentralized trial solutions. Comparable to Micron as an imaging-specialized CRO, with much broader scale and technology platform.
• WorldCare Clinical: Imaging-focused CRO providing independent imaging review, image management, and biomarker services for clinical trials globally. Directly comparable to Micron's core imaging CRO service line, though serving primarily US/EU sponsors.
• CMIC Group: Japan's largest domestic CRO, offering full-service clinical development, MAH/DMAH services, and site management. Directly comparable to Micron as a Japan-headquartered CRO serving pharmaceutical and medical device sponsors, though at significantly larger scale.
• EPS Holdings: Japanese CRO group providing clinical development, SMO, and consulting services to pharma sponsors. Comparable to Micron in domestic positioning, with broader service lines including site management organization operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/MICRON_Imaging

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Micron