After the market closed on Monday, Nov. 9, memory chipmaker Micron Technology (NASDAQ:MU) made an announcement that slipped under most investors’ radar. Given the unfolding political drama, positive vaccine news, and massive rotation from growth stocks to value stocks, it’s unsurprising that Micron’s recent press release and presentation were overlooked.
Yet in the words of President-elect Biden, Micron’s announcement could very well be a “big f—ing deal” — at least in the storage industry.
176-layer NAND flash
In the press release, Micron announced that it had begun volume shipments of the world’s first 176-layer NAND flash