Micron’s (MU) shares jumped by over 10% during the early hours of regular trading on Tuesday after the American memory chipmaker said it has started to ship “the world’s highest capacity commercially available solid-state drive (SSD).”
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The product, which is branded the Micron 6600 ION Data Center SSD, comes with 245 terabytes of capacity. An SSD is a storage device that uses NAND Flash, or the type of memory that keeps data even when the power is off, with no spinning disks.
The shipping commencement comes as data center demand for storage products and memory chips remains elevated, sending their prices soaring. Micron described the product as “a major step forward in rack-scale storage density for data centers.”