Micron upbeat about turbulent 3D NAND market

Diversification of end markets cited as reason for optimism.

Micron executives continue to predict a future ripe with the opportunity for the company, even as financial markets appear to be less bullish on how it will perform in the near future.

In its 2015 Summer Analyst Day, Micron provided a state of the union and where it is headed. Executives echoed much of what they said in a spring update and its most recent quarterly results.

The turbulence the company faced from decelerating PC shipments has affected its DRAM business, acknowledged Micron CEO D. Mark Durcan. "It really caught a number of us by surprise, but it is not a cataclysmic cycle," he said. Despite the PC slowdown, Micron is forecasting 25 percent growth for its DRAM business in 2015 and 24 percent in 2016.

The company expects its recent spending on manufacturing and technology efficiency to really start paying off in 2016. "We feel pretty good about continuing to invest through these cycles," said Durcan. "We believe there is continued growth ahead."

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