Syracuse, N.Y. – To no one’s surprise, Micron Technology reported yet another record-breaking quarter today.
The quarterly revenues of $54.2 billion bring the company’s fiscal year total revenues to $133 billion, more than triple Micron’s previous best year. Profit for the fiscal year that just ended in August was $38 billion, nearly five times bigger than the previous year.
Boosted by the soaring demand for chips used in artificial intelligence, Micron had its biggest year it was founded 48 years ago in an Idaho dentist’s basement in 1978…