Micron revenue beats estimates on memory chip boom


(Reuters) - Micron Technology Inc's quarterly revenue beat analysts' estimates on Tuesday, as the chipmaker benefited from a chip boom fuelled by demand from personal computer, server and smartphone makers.The company's shares, which have nearly doubled this year, were up about 4 percent at $45.30 in after-hours trading.

Micron's results have been buoyed by a so-called memory chip "super-cycle" of higher prices due to rising demand for storage from servers and smartphones. Net income attributable to the chipmaker rose to $2.68 billion, or.

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