Micron Technology is seeing an increase in demand for memory chips from cloud computing companies, as well as a faster deployment of 5G cellular networks. Other growth drivers for MU include a growing mix of high-value products, improved customer engagement, and a lower cost structure.
In addition, 5G adoption outside of mobile is expected to increase demand for memory and storage, particularly in IoT devices and wireless infrastructure. These will be big pluses for Micron Technology in the future.
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