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Micron Tech Profit Falls Sharply

Still, results topped the Wall Street consensus sending shares up nearly 8% to $15.94 in late trading.

One of the world’s largest memory chip makers, Micron is the last remaining U.S. supplier of a widely used variety called dynamic random access memory, or DRAM, a key component in personal computers. The Boise, Idaho, company also makes NAND flash memory, which stores data in smartphones...


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