Key Developments: Micron Technology Inc (MU.OQ)

MU.OQ on NASDAQ Stock Exchange Global Select Market

27 May 2015
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Latest Key Developments (Source: Significant Developments)

Micron Technology names Ernie Maddock as Chief Financial Officer
Tuesday, 5 May 2015 08:00am EDT 

Micron Technology Inc:Appoints Ernie Maddock as Chief Financial Officer and Vice President, Finance, effective June 1.  Full Article

Micron announces proposed $1 bln offering of senior notes
Monday, 27 Apr 2015 07:33am EDT 

Micron Technology Inc:Intends to offer $500 mln aggregate principal amount of senior notes due 2024 and $500 mln aggregate principal amount of senior notes due 2026.Intends to use the net proceeds from the offering to repay, repurchase or make other payments with respect to the extinguishment of its debt, including its convertible notes, and for general corporate purposes.  Full Article

Micron Technology and Intel Corp unveil new 3D NAND Flash Memory
Thursday, 26 Mar 2015 12:30pm EDT 

Micron Technology and Intel Corp:Revealed the availability of their 3D NAND technology, the world's highest-density flash memory.Flash is the storage technology used inside the lightest laptops, fastest data centers, and nearly every cellphone, tablet and mobile device.Enables gum stick-sized SSDs with more than 3.5TB of storage.This new 3D NAND technology, which was jointly developed by Intel and Micron, stacks layers of data storage cells vertically with extraordinary precision to create storage devices with three times higher capacity than competing NAND technologies.Says this enables more storage in a smaller space, bringing significant cost savings, low power usage and high performance to a range of mobile consumer devices as well as the most demanding enterprise deployments.  Full Article

Photronics enters into strategic supply and technology license agreements with Micron Technology
Tuesday, 24 Mar 2015 05:07pm EDT 

Photronics:Enters into strategic supply and technology license agreements with Micron Technology, Inc whereby Photronics will receive outsourced photomask supply volume from Micron.Micron and Photronics will not renew their existing MP Mask joint venture after May 5, 2016, which is the ten year anniversary of its formation.New agreement places the company in the majority merchant supplier position for Micron.Upon conclusion of the MP Mask joint venture, Micron may elect to purchase the MP Mask assets or Photronics' equity interest in MP Mask.In which case Photronics will receive a payment based upon net book value as of May 5, 2016, which was about $93 mln as of Dec. 04, 2014.  Full Article

Micron Technology appoints interim CFO - Form 8-K
Wednesday, 11 Mar 2015 04:27pm EDT 

Micron Technology Inc:Appointed Mark Adams as interim chief financial officer.Saya Adams will continue to serve in his current positions of president.  Full Article

Micron Technology, Inc and Seagate Technology plc announces strategic alliance
Thursday, 12 Feb 2015 07:00pm EST 

Micron Technology, Inc:Says that the company and Seagate Technology plc announced a strategic agreement that establishes a framework for combining the innovation and expertise of both companies.The framework of the agreement will enable customers of the two companies to benefit from a focused approach to deliver industry-leading storage solutions, helping them innovate faster and more effectively.While initially focusing on SAS SSDs and strategic NAND supply, Micron and Seagate anticipate that this multi-year agreement will extend into future collaboration on enterprise storage solutions featuring Micron NAND flash memory.  Full Article

Micron Technology Inc prices $1 billion offering of 5.25 pct. senior notes
Thursday, 29 Jan 2015 08:27pm EST 

Micron Technology Inc:Announced the pricing of an offering of $1 billion aggregate principal amount of its 5.25 pct. senior notes due 2023.The sale of the Notes is expected to close on Feb. 3, 2015.Interest on the Notes will accrue at a rate of 5.25 pct. per year, and will be payable in cash semi-annually in arrears, beginning on Aug. 1, 2015.  Full Article

Micron Technology announces proposed $750 million offering of senior notes
Thursday, 29 Jan 2015 07:10am EST 

Micron Technology Inc:Intends to offer $750 million aggregate principal amount of senior notes due 2023.Interest rate, redemption provisions and other terms will be determined by negotiations between Micron and the initial purchasers.Intends to use proceeds for retirement or repurchase of convertible notes and debt and general corporate purposes.  Full Article

Micron Technology Inc gives Q2 2015 revenue guidance below analysts' estimates - Conference Call
Tuesday, 6 Jan 2015 04:30pm EST 

Micron Technology Inc:Says on a consolidated basis, guiding total revenue for Q2 2015 in the range of $4.1 billion to $4.3 billion, which reflects the normal 13-week period.Q2 2015 revenue of $4.5 billion - Thomson Reuters I/B/E/S.  Full Article

Powertech Technology Inc signs contract with Micron Technology, Inc.
Wednesday, 3 Dec 2014 05:14am EST 

Powertech Technology Inc:Signs a semiconductor package investment contract with Micron Technology, Inc.  Full Article


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