Where Will Micron Technology Be in 5 Years?

Micron Technology (NASDAQ: MU) is one of the world's largest producers of DRAM and NAND memory chips. It's the third-largest DRAM manufacturer after Samsung and SK Hynix, according to IC Insights, while Trendforce ranks it as the fifth-largest producer of NAND chips.

Unlike more broadly diversified companies like Samsung and Western Digital, which only generate a portion of their revenues from memory chips, Micron is a "pure play" on the memory market.

In its latest quarter, it generated 73% of its revenue from DRAM chips, 26% from NAND chips, and the remaining sliver from other types of memory. SK Hynix is also a pure-play memory chipmaker like Micron, but it's difficult for American investors to directly buy shares of the South Korean company.

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Source Fool.com