Micron Technology announced its revenue for fiscal year 2024 exceeded that of 2023 by nearly $10 billion, coinciding with its chip-manufacturing initiatives in Central New York.
The company’s revenue for fiscal 2024 reached $25.11 billion, compared to $15.54 billion in fiscal 2023. This figure includes $7.75 billion generated in the fourth quarter, an increase of almost $1 billion from the previous quarter.
“We are entering fiscal 2025 with the best competitive positioning in Micron’s history,” said President and CEO Sanjay Mehrotra. “We forecast record revenue in fiscal Q1 and a substantial revenue record with significantly improved profitability in fiscal 2025.”
In 2022, Micron announced plans to construct a chip manufacturing facility in Clay, which is expected to create tens of thousands of jobs in the area as part of a broader $100 billion initiative to establish four chip fabrication plants in Central New York.