Micron officials, who watched the company's stock fall to $18.76 per share on the NASDAQ exchange , are pointing to the tech firm's development of a next-generation memory chip that promises to be 1,000 times faster and 1,000 times more durable than the NAND memory chips currently on the market. The new technology, developed with Intel, is called 3D Xpoint and is expected to arrive in 2016.