Key Developments: Micron Technology Inc (MU.OQ)

MU.OQ on NASDAQ Stock Exchange Global Select Market

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25 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Micron Technology Inc prices $1.15 bln offering of 5.50 pct. senior notes
Wednesday, 23 Jul 2014 11:05pm EDT 

Micron Technology Inc:Says pricing of an offering of $1.15 billion aggregate principal amount of its 5.50 pct. senior notes due 2025.Says the notes are being offered to qualified institutional buyers and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act.Says the sale of the Notes is expected to close on July 28, 2014.Says interest on the Notes will accrue at a rate of 5.50 pct. per year, and will be payable in cash semi-annually in arrears, beginning on Feb. 1, 2015.  Full Article

Micron Technology Inc proposes $750 mln offering of senior notes
Wednesday, 23 Jul 2014 07:28am EDT 

Micron Technology Inc:Intends to offer, subject to market and other considerations, $750 mln aggregate principal amount of senior notes due 2025 through an offering to qualified institutional buyers, and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act.Interest rate, redemption provisions and other terms of the Notes will be determined by negotiations between Micron and the initial purchasers.Intends to use portion of net proceeds from the offering to extinguish its obligations with respect to its 1.875 pct convertible senior notes due 2031which may include payments in settlement of conversions of or to repurchase or redeem such notes.Micron expects to use balance of net proceeds for retirement of other convertible notes and debt and other general corporate purposes.Micron gave notice to holders of 2031B Notes that their notes will be redeemed on Aug. 22, except to extent such notes are converted or repurchased by Micron prior to such date, and its current intent is to settle any such conversions entirely in cash with a portion of the proceeds from the offering.  Full Article

Micron Technology Inc gives Q4 2014 revenue guidance in line with analysts' estimates - Conference Call
Monday, 23 Jun 2014 04:30pm EDT 

Micron Technology Inc:Says on a consolidated basis, guiding total revenue for Q4 2014 in the range of $4 billion to $4.2 billion.Q4 2014 revenue of $4 billion - Thomson Reuters I/B/E/S.  Full Article

Micron Technology collaborates with Intel to enhance knights landing with high performance
Monday, 23 Jun 2014 01:00pm EDT 

Micron Technology Inc:Says ongoing collaboration with Intel to deliver an on-package memory solution for Intel's Xeon Phi processor, codenamed Knights Landing.Memory solution is the result of a long-term effort between the two companies to break down the memory wall, leveraging the fundamental DRAM and stacking technologies also found in Micron's Hybrid Memory Cube products.  Full Article

Micron Technology and Wave Systems Collaborate
Tuesday, 15 Apr 2014 05:00am EDT 

Micron Technology Inc:Says it is expanding their relationship with Wave Systems Corp.To develop solutions designed to strengthen user protection against current and emerging threats to compute and embedded platforms.  Full Article

Micron Technology licenses Avago Technologies 30G SerDes for Hybrid Memory Cube Devices
Thursday, 10 Apr 2014 08:00am EDT 

Avago Technologies Ltd:Says Micron Technology, Inc has licensed Avago's 28nm Low Power 30Gbps Serializer/Deserializer (SerDes) IP for use in Micron's next generation Hybrid Memory Cube (HMC) devices.SerDes cores feature decision feedback equalization (DFE), resulting in lower overall power usage.  Full Article

Micron Technology Inc prices $600 million offering of 5.875 pct senior notes
Wednesday, 5 Feb 2014 09:48pm EST 

Micron Technology Inc:Announced the pricing of an offering of $600 million aggregate principal amount of its 5.875 pct senior notes due 2022.Says the Notes are being offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act.Says the sale of the Notes is expected to close on Feb. 10, 2014.Says interest on the Notes will accrue at a rate of 5.875 pct per year, and will be payable in cash semi-annually in arrears, beginning on Aug. 15, 2014.Says the Notes will mature on Feb. 15, 2022, unless earlier repurchased or redeemed.Says Micron intends to use the net proceeds from this offering to pay a portion of the costs of extinguishing its obligations with respect to its outstanding 1.875 pct convertible senior notes due 2014.  Full Article

Micron Technology Inc collaborates with Broadcom Corporation
Tuesday, 17 Dec 2013 08:00am EST 

Micron Technology Inc:Announces on Dec. 17 its collaboration with Broadcom Corporation to develop solution designed for customers challenged by an intrinsic DDR3 timing parameter called tFAW, or four activate window.  Full Article

Rambus Inc and Micron Technology Inc sign license agreement
Monday, 9 Dec 2013 08:44pm EST 

Rambus Inc and Micron Technology Inc:Says they have signed a broad patent cross license agreement.Says that under the agreement, Micron gains the right to use any Rambus patent for the manufacture of specified integrated circuit products, including any memory integrated circuit products.Says certain of these memory products will enjoy a perpetual, paid-up license after the end of the initial term.Says the agreement requires quarterly royalty payments to Rambus over the next seven years capped at $10 mln per quarter, with a rolling twelve-month cap fixed at $40 mln, or $280 mln during the initial term.Says in addition, Micron will have the option to extend the initial term of this agreement for additional renewal periods.Says as part of this agreement, the two companies have settled all outstanding patent and antitrust claims, and the agreement covers both Micron and Elpida products.Says other terms and details of the agreement are confidential.  Full Article

Micron Technology Inc To Adapt Its Hybrid Memory Cube For Next-Generation Supercomputer
Thursday, 7 Nov 2013 08:00am EST 

Micron Technology Inc announced that it is planning to adapt its Hybrid Memory Cube (HMC) for petascale supercomputer systems. HMC is designed for applications requiring low-energy, high-bandwidth access to memory, which is an important requirement for supercomputers. Other applications include data packet processing, data packet buffering or storage, and processor acceleration.  Full Article

Update-Moody's rates Micron's new Senior Notes Ba3

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