March 23 Micron Technology Inc reported a
58.4 percent jump in quarterly revenue, boosted by higher demand
for the company's memory chips used in computing devices and
storage devices found in smartphones amid tight supplies.
Net income attributable to Micron was $894 million, or 77
cents per share, in the second quarter ended March 2, compared
with a net loss of $97 million, or 9 cents per share, a year
The company's net sales rose to $4.65 billion from $2.93
billion, the second straight quarterly revenue rise after nearly
two years of declines.
(Reporting by Aishwarya Venugopal in Bengaluru)