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Chipmaker Micron Technology Inc (MU.O) reported a 40 percent jump in quarterly sales on Wednesday, driven by strong demand for its memory chips used in computers and smartphones.

micron earnings release

FILE PHOTO: The logo of U.S. memory chip maker MicronTechnology is pictured at their booth at an industrial fair in Frankfurt, Germany, July 14, 2015. REUTERS/Kai Pfaffenbach/File Photo
Net income attributable to the chipmaker rose to $3.82 billion, or $3.10 per share, in the third quarter ended May 31, from $1.65 billion, or $1.40 per share, a year earlier.

Micron Technology Inc
Net sales rose to $7.80 billion from $5.57 billion.

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