Micron India plant begins production as CXMT plans NAND expansion

  • Micron began commercial production and worldwide shipments at its $2.75 billion Sanand assembly and testing plant.
  • CXMT is preparing a Beijing NAND facility, while NAND represents about 25% of Micron’s revenue and roughly 15% of global market share.
  • Micron’s Sept. 30 earnings report is the next major catalyst as the company expands U.S. capacity amid strong memory demand.

Micron Technology shares rose in successive premarket sessions after its $2.75 billion assembly and testing plant in Sanand, Gujarat, entered commercial production and began shipping finished DRAM and NAND products worldwide. The company is also facing potential competitive pressure after Reuters reported that China’s CXMT is preparing a NAND flash research and development production facility in Beijing, although its commercial production timetable remains uncertain. Micron’s September 30 fiscal fourth-quarter earnings report is the next major scheduled catalyst, while analysts retain a broadly positive outlook and technical indicators remain neutral-to-positive.

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