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Micron Technology, Inc (NASDAQ:MU) introduced the automotive-grade Micron 4150AT SSD, marking a significant advancement in storage technology for software-defined intelligent vehicles.
As the world’s first quad-port SSD, this innovation enables connectivity with up to four systems on chips (SoCs), facilitating centralized storage that enhances performance and power efficiency for AI applications at the remote edge.
According to Michael Basca, Micron’s vice president of Embedded Products and Systems, this development was a response to the growing demands of AI and autonomous safety technologies, which require a new storage paradigm the Micron 4150AT SSD aims to address.
The 4150AT SSD, designed to meet the complex demands of intelligent vehicles, offers enterprise-class speeds. It allows for efficient data management from multiple SoCs simultaneously, which is essential for vehicles tasked with multitasking across systems like ADAS and IVI.
The SSD includes multi-port capability for unmatched flexibility, efficient multi-host workload management, enhanced security through virtualization, customizable endurance modes for varied data requirements, and a design that meets the automotive industry’s rigorous standards.
Micron notified several clients about plans to raise the prices of its DRAM and SSD products by more than 25% in the second quarter, Digitimes cited sources at memory module houses.
In 2023, analysts expected DRAM contract pricing to decline to moderate from the December quarter with a correction in the elevated inventory at data center customers. They expected stable pricing in most end markets for SSDs
Analysts favored Micron’s HBM3E for its superior thermal and power efficiency over competitors like SK Hynix and Samsung, particularly its 30% lower power consumption compared to SK Hynix and advancements over Samsung, which was experiencing delays. Predicting Micron’s dominance in the HBM market and a potential to surpass $1 billion in HBM revenues by calendar year 2024, analysts regarded Micron as a formidable force in the semiconductor industry.
Micron stock gained over 93% in the past 12 months. Investors can gain exposure to the stock via REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) and Invesco Semiconductors ETF (NYSE:PSI).
Price Action: MU shares traded lower by 0.11% at $122.82 at publication Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock
