Micron Technology Reaches Agreement with Riverwood Capital and TPG Capital to Sell Aptina Imaging Corporation

BOISE, Idaho & SAN JOSE, Calif.--(Business Wire)--
Micron Technology, Inc. (NYSE: MU) today announced that it has signed an
agreement to sell a majority interest in its imaging solutions business, Aptina
Imaging Corporation, to Riverwood Capital and TPG Capital. As part of the
agreement, Micron will retain a 35 percent minority stake in the independent,
privately held company. Riverwood and TPG will also contribute significant
primary capital to Aptina`s balance sheet, and Micron will continue to
manufacture products and provide services for Aptina at its worldwide
facilities. After the transaction is completed, Micron expects to record a loss
approximating $100 million in the fourth quarter of its fiscal year in
connection with the sale, and Aptina`s separate financials will no longer be
consolidated in Micron`s financial statements. The transaction is expected to be
completed in the next 60 days.

"Launching Aptina as an independent business entity enables Micron and Aptina to
focus on their respective core businesses while continuing to maintain a strong
relationship with Micron's manufacturing and process development expertise and
Aptina's product and market expertise," said Steve Appleton, Micron Chairman and
Chief Executive Officer. "Additionally, this transaction enables Micron to
maintain a strategic investment in a leading company in the imaging industry."

Since it was established eight years ago, the imaging business at Micron has led
the industry in enabling beautiful, crisp pictures and video regardless of the
application. Its customers have included every major mobile phone manufacturer,
every major PC brand and several major automotive OEMs. Key milestones for the
business unit have included developing the world`s first 2.2-micron pixel
architecture, 1.75-micron pixel architecture and 1.4-micron pixel architecture;
leading the industry in high-speed image capture; bringing high-definition
capabilities to digital still and video cameras; and successfully shipping more
than 1 billion units. In the fiscal year ending August 2008, Aptina had revenue
of approximately $650 million. In October 2008, Aptina became a wholly owned
subsidiary of Micron.

"The Aptina opportunity fits perfectly into the Riverwood strategy of making
well-capitalized investments in leading technology companies with strong growth
profiles," said Michael Marks, founding partner of Riverwood. "We look forward
to partnering with TPG and Aptina management to further develop Aptina as the
market leader in imaging solutions."

"As one of the pioneers in semiconductor buyouts, TPG is very excited to invest
in Aptina," said John Marren, a partner at TPG. "An independent Aptina will
attract world-class talent, and given its strong, debt-free balance sheet,
Aptina is well positioned to pursue consolidation and other growth opportunities
that will further its leadership in CMOS imaging."

About Micron

Micron Technology, Inc., is one of the world`s leading providers of advanced
semiconductor solutions. Through its worldwide operations, Micron manufactures
and markets DRAM, NAND flash memory, CMOS image sensors, other semiconductor
components, and memory modules for use in leading-edge computing, consumer,
networking, and mobile products. Micron`s common stock is traded on the New York
Stock Exchange (NYSE) under the MU symbol. To learn more about Micron
Technology, Inc., visit www.micron.com.

About Aptina

Aptina, a subsidiary of Micron Technology, Inc., is a global provider of
complementary metal-oxide-semiconductor (CMOS) imaging solutions with a growing
portfolio of products that can be found in all the leading mobile phone and
notebook computer brands. Aptina also offers a wide range of products for
digital and video cameras, surveillance, medical, automotive and industrial
applications, video conferencing, barcode scanners, toys, and gaming. Aptina
continually drives innovation in the market as seen with the introduction of the
first 10MP CMOS image sensor for point-and-shoot cameras (MT9J001), and the
industry`s first 5MP SOC with ¼" format (MT9P111). For additional information on
Aptina, visit www.aptina.com.

About Riverwood Capital

Riverwood Capital is a globally-focused private equity firm that invests in
high-growth businesses in the technology and services industries, across a
variety of verticals and geographies. Riverwood was established by a talented
group of private equity and technology industry executives, which gives
Riverwood a unique combination of operational, strategic, financial and
technical insight into investment candidates. The founders group includes
Michael Marks, Chris Varelas, Thomas Smach, Nicholas Brathwaite, Francisco
Alvarez-Demalde and Jeffrey Parks. Riverwood has offices in Menlo Park, CA and
New York, NY and currently has more than 20 investments in North America, Latin
America and Asia. Please visit www.riverwoodcapital.com.

About TPG Capital

TPG Capital is the global buyout group of TPG, a leading private investment firm
founded in 1992, with approximately $45 billion of assets under management and
offices in San Francisco, London, Hong Kong, New York, Fort Worth, Menlo Park,
Washington, D.C., Melbourne, Moscow, Mumbai, Paris, Luxembourg, Beijing,
Shanghai, Singapore and Tokyo. TPG Capital has extensive experience with global
public and private investments executed through leveraged buyouts,
recapitalizations, spinouts, joint ventures and restructurings. TPG Capital`s
investments span a variety of industries including technology, financial
services, travel and entertainment, industrials, retail, consumer, media and
communications, and healthcare. Please visit www.tpg.com.

Micron and the Micron orbit logo are trademarks of Micron Technology, Inc. All
other trademarks are the property of their respective owners.

This press release contains forward-looking statements regarding the amount and
timing of the loss that Micron Technology, Inc., is expected to record in
connection with the transaction and the closing date of the transaction. Actual
events or results may differ materially from those contained in the
forward-looking statements. Please refer to the documents that Micron files on a
consolidated basis from time to time with the Securities and Exchange
Commission, specifically Micron's most recent Form 10-K and Form 10-Q. These
documents contain and identify important factors that could cause the actual
results for Micron on a consolidated basis to differ materially from those
contained in forward-looking statements (see Certain Factors). Although Micron
believes that the expectations reflected in the forward-looking statements are
reasonable, Micron cannot guarantee future results, levels of activity,
performance or achievements. Micron is under no duty to update any of the
forward-looking statements after the date of this report to conform to actual
results.

Micron Technology, Inc.
Daniel Francisco, 208-368-5584
dfrancisco@micron.com
or
Aptina Imaging Corporation
Mark Wilson, 408-660-2298
markwilson@aptina.com
or
Riverwood Capital
Angela Murray, 650-618-7300
press@riverwoodcapital.com
or
Owen Blicksilver Public Relations
(for TPG Capital)
Kristin Celauro, 732-291-5456
kristin@blicksilverpr.com

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