{"id":25287,"date":"2024-08-25T23:56:00","date_gmt":"2024-08-25T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=25287"},"modified":"2024-09-29T09:02:49","modified_gmt":"2024-09-29T01:02:49","slug":"how-does-micron-make-money","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/","title":{"rendered":"How does Micron make money? What investors should know?"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#Whats_in_my_book\" >What&#8217;s in my book<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#Company_Profile\" >Company Profile<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#Founded\" >Founded<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#Main_business\" >Main business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#Global_market_share\" >Global market share<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#The_importance_to_US\" >The importance to US<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#Mergers_and_acquisitions\" >Mergers and acquisitions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#Main_competitors\" >Main competitors<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#Samsung_Hynix\" >Samsung, Hynix<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#Kioxia_Western_Digital\" >Kioxia, Western Digital<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#YMTC_CXMT\" >YMTC, CXMT<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#International_sites\" >International sites<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#US\" >U.S.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#Taiwan\" >Taiwan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#China\" >China<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#India\" >India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#Japan\" >Japan<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#What_you_should_know\" >What you should know<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#Profit_margin_rate_is_not_high\" >Profit margin rate is not high<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#Sensitive_to_business_cycle\" >Sensitive to business cycle<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#Geopolitics\" >Geopolitics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#Bet_too_much_on_Taiwan\" >Bet too much on Taiwan<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Whats_in_my_book\"><\/span>What&#8217;s in my book<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In the 3-1 third industry section of my book &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010889106\" target=\"_blank\" rel=\"noreferrer noopener\">The Rules of Super Growth Stocks Investing<\/a>&#8220;, I take Micron as an example. Readers have been reminded that memory chips are a typical bulk commodity in the modern technology industry and are highly cyclical. Investors should pay special attention to this.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Company_Profile\"><\/span>Company Profile<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Founded\"><\/span>Founded<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Micron_Technology\" target=\"_blank\" rel=\"noreferrer noopener\">Micron Technology<\/a> (ticker: MU) was founded in the basement of a dental clinic in Boise, Idaho, in 1978, and is headquartered in Boise, Idaho. Founded by Ward Parkinson, Joe Parkinson, Dennis Wilson and Doug Pitman, the original employees were only these four founders. The first contract signed by Micron was to design 64K memory chips for Mostek Corporation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Main_business\"><\/span>Main business<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After years of development, Micron can provide the market with HBM, DRAM, DRAM modules, GDDR5, GDDR5X and GDDR6 video memory, NAND, multi-chip package MCP, NAND flash memory and NOR flash memory, CMOS image sensors, other semiconductor components and memories. Modules etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Global_market_share\"><\/span>Global market share<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the global DRAM market in the fourth quarter of 2022, Samsung Electronics, SK Hynix and Micron Technology ranked among the top three.<br>The market shares are 45.1%, 27.7% and 23.0% respectively. In the global NAND market, Samsung Electronics and SK Hynix ranked first and third respectively, with market shares of 31.4% and 18.5% respectively, and Micron ranked fifth with 12.3%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_importance_to_US\"><\/span>The importance to US<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Micron Technology is currently the only major manufacturer in the United States in the main semiconductor field of memory chips. It is extremely important to the United States.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mergers_and_acquisitions\"><\/span>Mergers and acquisitions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Micron has made 11 acquisitions since 1998, including Texas Instruments&#8217; (TXN) memory unit, Numonyx, Elpida and Inotera.<\/p>\n\n\n\n<p>The following are some of the more critical mergers and acquisitions:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In 1998, Micron also acquired Rendition to manufacture 3D acceleration chips.<\/li>\n\n\n\n<li>In February 2010, it agreed to acquire flash memory chip maker Numonyx for $1.27 billion in stock.<\/li>\n\n\n\n<li>On May 8, 2012, Elpida, which had filed for bankruptcy protection, announced that it would integrate with Micron. On July 2, Micron Technology signed an acquisition agreement with Elpida.<\/li>\n\n\n\n<li>On January 23, 2013, &#8220;Taiwan Micron Wafer Memory&#8221; was established. On July 31, Micron Technology acquired Elpida for US$2 billion.<\/li>\n\n\n\n<li>On November 9, 2016, Micron Technology acquired a 67% stake in Taiwanese DRAM manufacturer Huaya Technology for US$4.1 billion and merged with it. Taiwan&#8217;s Formosa Plastics Group also acquired a 5.02% stake in Micron Technology through this transaction. .<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Main_competitors\"><\/span>Main competitors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Samsung_Hynix\"><\/span>Samsung, Hynix<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Micron&#8217;s main competitors in memory chips are Samsung Electronics and Hynix. These two old rivals have long occupied the first and second places in the global memory chip market. Micron can only be ranked third.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Kioxia_Western_Digital\"><\/span>Kioxia, Western Digital<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the field of non-volatile memory chips (mainly flash memory NAND), in addition to Samsung Electronics and Hynix, Micron&#8217;s opponents include Kioxia, Western Digital (ticker: WDC), etc. But especially volatile memory chips (mainly dynamic memory DRAM), it is still the largest in the global memory chip market in terms of shipments and sales. Therefore, Micron, Samsung Electronics and Hynix also focus on volatile memory chips. Memory chip (mainly dynamic memory DRAM) field.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"YMTC_CXMT\"><\/span>YMTC, CXMT<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>However, in recent years, the flash memory NAND of China&#8217;s peers Yangtze River Memory (YMTC) and the dynamic memory of Changxin Memory (CXMT) have begun to threaten Micron, Samsung Electronics and Hainan in terms of technology, price, and shipments. Lux. Not long after, given time, there will be a major reshuffle in the global memory chip market share rankings.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"International_sites\"><\/span>International sites<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"US\"><\/span>U.S.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In October 2022, Micron committed to investing US$100 billion to build a wafer factory near Syracuse, New York. It said it would be &#8220;the largest semiconductor manufacturing plant in U.S. history&#8221; and would be put into production in 2025.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Taiwan\"><\/span>Taiwan<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Micron is the largest foreign investor in Taiwan. Taiwan is also Micron&#8217;s largest site outside the United States, shouldering the important responsibility of connecting, integrating, supplying, shipping, and customers between Micron and the Asia-Pacific region, the world&#8217;s most semiconductor production region. In the Taichung Science Park alone, a fourth new factory will be built by 2023.<\/p>\n\n\n\n<p>In June 2022, Micron&#8217;s new Taiwan Chairman Lu Donghui stated that he would continue to invest more in Taiwan and expect to add 2,000 employees in the next 2 to 3 years. According to Micron&#8217;s technology advancement blueprint, EUV equipment will begin to be introduced in the second half of 2022. Increase production capacity, mass production of 1 beta before the end of the year, and mass production of 1 Gamma in 2024. A research and development corridor will also be set up.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"China\"><\/span>China<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>On March 21, 2007, Micron established a factory in Xi&#8217;an, China for the first time, mainly producing DRAM and NAND flash memory; but please note that these are only factories for packaging and testing, and do not produce wafers. On the other hand, Samsung, SK Hynix, and even Intel (ticker: INTC) Dalian factory (later sold to SK Hynix) have huge chip manufacturing bases in China. Among them, Samsung&#8217;s memory factory in Xi&#8217;an in 2012 is one of the largest single foreign investment projects introduced since China&#8217;s reform and opening up. SK Hynix\u2019s investment in the DRAM factory in Wuxi, Jiangsu Province is as high as 2.394 trillion won.<\/p>\n\n\n\n<p>On July 3, 2018, Micron&#8217;s DRAM and NAND products were banned from being sold in mainland China due to infringement of the patent rights of UMC (ticker: UMC). In 2023, the two parties reached a settlement on the case with Fujian Jinhua.<\/p>\n\n\n\n<p>In order to counter the U.S. embargo on China&#8217;s semiconductors, China announced that Micron&#8217;s products sold in China will be subject to cybersecurity reviews, which is equivalent to blocking Micron&#8217;s market in China. In order to show goodwill to China, Micron simply announced in 2023 that it would directly acquire Micron\u2019s long-term partner in China, Xi\u2019an\u2019s Licheng Packaging Factory, hoping to show Micron\u2019s sincerity in investing in China.<\/p>\n\n\n\n<p>In May 2023, Micron&#8217;s Chief Financial Officer Mark Murphy publicly stated at a meeting that Micron&#8217;s direct and indirect sales to China accounted for about a quarter of Micron&#8217;s revenue.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"India\"><\/span>India<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Micron announced in April 2023 that it would invest US$1 billion in India to establish a packaging factory in India in the future.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Japan\"><\/span>Japan<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In May 2023, Micron plans to invest 500 billion yen (approximately US$3.7 billion) in the next few years to introduce extreme ultraviolet (EUV) lithography technology in Japanese factories.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_you_should_know\"><\/span>What you should know<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As I said at the beginning of this article, and in Chapter 3-1 of my book &#8220;Super Growth Stock Investment Rules&#8221;, here are two Micron financial report figures for your reference.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Profit_margin_rate_is_not_high\"><\/span>Profit margin rate is not high<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the first quarter of 2021, Micron\u2019s latest financial report\u2019s operating profit margin reached 20%, surpassing Samsung\u2019s 18%. In the past five years, Samsung Electronics&#8217; market share in DRAM and NAND flash memory products has declined, while Micron&#8217;s has increased by 3% and 1% respectively.<\/p>\n\n\n\n<p>The fact is before us that the profit margin of the memory chip industry is not high. The memory chip industry mainly relies on huge shipments and astonishing sales figures in good times to make up for losses at the bottom of the business and survive the cold winter of the business.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sensitive_to_business_cycle\"><\/span>Sensitive to business cycle<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>On March 29, 2023, memory chip manufacturer Micron announced its second quarter report for fiscal year 2023. Revenue for the quarter was US$3.69 billion, compared with US$4.09 billion in the previous quarter, and US$7.79 billion in the same period last year, an annual decrease of US$3.69 billion. About 53%. The loss was US$2.31 billion, which included an inventory loss of more than US$1.4 billion, with a loss of US$2.12 per share. This is Micron&#8217;s worst quarterly loss in the past two decades. The last quarterly loss of this magnitude was in the second quarter of fiscal 2003, when Micron&#8217;s net loss reached $1.94 billion.<\/p>\n\n\n\n<p>Inventory reduction is still a problem that memory chip manufacturers must face during the recession.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Geopolitics\"><\/span>Geopolitics<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The U.S. embargo on semiconductors against China, coupled with China&#8217;s own ability to produce most memory chips, have obviously affected Micron&#8217;s future sales in the Chinese market. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bet_too_much_on_Taiwan\"><\/span>Bet too much on Taiwan <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In addition, Micron has invested heavily in Taiwan, which is the company\u2019s largest overseas focus. Today, Micron is the largest foreign investor in Taiwan. The rivalry between the United States and China, coupled with the poor relations between Taiwan and China, as well as corporate concerns about earthquakes and power shortages in Taiwan, will be negative factors in the long term. <\/p>\n\n\n\n<p>Micron said that the earthquake that occurred in Taiwan on April 3, 2024 will cause its dynamic random access memory (DRAM) supply loss to be as high as mid-single digit percentage. The company has four factories in Taiwan, which plays an important role in the global chip supply chain and the earthquake raised concerns about potential disruptions.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2024\/04\/mu-Custom-1.jpg\" alt=\"\" class=\"wp-image-25515\"\/><figcaption class=\"wp-element-caption\">credit: Gemini<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/25\/how-does-micron-make-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does Micron make money? What investors should know?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/28\/how-does-onto-make-money\/\">How does Onto make money? 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Significant changes in business approach<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Micron Technology is currently the only major manufacturer in the United States in the main semiconductor field of memory chips. It is extremely important to the United States.<\/p>\n","protected":false},"author":1,"featured_media":25515,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[110,739],"tags":[41,413,38,410,555],"class_list":["post-25287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-semiconductor","category-geopolitics","tag-intc","tag-mu","tag-txn","tag-umc","tag-wdc"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/25287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=25287"}],"version-history":[{"count":23,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/25287\/revisions"}],"predecessor-version":[{"id":30934,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/25287\/revisions\/30934"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/25515"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=25287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=25287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=25287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}