BOISE, Idaho - Micron Technology, Inc. (NASDAQ:MU) has achieved an industry milestone by becoming the first to validate and begin shipping its 128GB DDR5 32Gb server DRAM, designed to meet the demanding requirements of next-generation artificial intelligence (AI) applications. The company's latest memory modules boast a speed of up to 5,600 MT/s, marking a significant advancement in server memory technology.
The new 128GB DDR5 RDIMM memory modules leverage Micron's 1-beta (1β) technology, providing a bit density improvement of over 45%, up to 22% better energy efficiency, and as much as 16% reduced latency compared to competing products. These enhancements are critical for data center operations, where AI and machine learning (ML), high-performance computing (HPC), and in-memory databases require high-capacity and fast memory solutions.
Micron's memory modules have seen widespread adoption across server platforms due to their collaboration with industry leaders such as AMD (NASDAQ:AMD), Hewlett Packard Enterprise (NYSE:HPE), Intel (NASDAQ:INTC), and Supermicro. This broad support underscores the memory's compatibility and performance benefits for mission-critical applications.
The 128GB DDR5 RDIMM memory is also notable for being the first 32Gb monolithic DRAM-based high-capacity DIMM to complete Intel platform memory compatibility qualification with 4th and 5th Gen Intel® Xeon® processors. This achievement highlights the memory's potential to address capacity and power efficiency challenges in servers and AI systems.
Micron's product is now available for direct purchase and is expected to hit the global distribution and reseller channels in June 2024. The company's comprehensive data center memory portfolio also includes various other memory options to cater to the diverse needs of AI and HPC applications.
This development is part of Micron's ongoing efforts to transform the use of information through innovative memory and storage solutions. As AI and data-centric applications continue to grow, the demand for high-performance, efficient memory is expected to rise, positioning Micron as a key player in the data economy.
The information for this article is based on a press release statement from Micron Technology, Inc.
InvestingPro Insights
Micron Technology, Inc. (NASDAQ:MU) has made significant strides with its latest 128GB DDR5 server DRAM, which is poised to enhance the efficiency and performance of AI applications. As the company continues to innovate in the memory and storage space, here are some key insights from InvestingPro to provide further context to their financial standing and market performance:
InvestingPro data highlights a market capitalization of $124.01 billion, reflecting the company's substantial presence in the industry. Despite a challenging period with a revenue decline of -20.6% in the last twelve months as of Q2 2024, the company's stock has shown a remarkable 82.23% return over the past year, indicating strong market confidence and recovery potential.
The company's latest product advancements are backed by a solid financial footing, as indicated by a significant 63.14% price total return over the last six months. This performance is further supported by two InvestingPro Tips that are particularly relevant: Micron has raised its dividend for three consecutive years, demonstrating a commitment to shareholder value, and analysts have revised their earnings upwards for the upcoming period 26 times, suggesting a positive outlook on the company's financial future.
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