Profile: Micron Technology Inc (MU.OQ)

MU.OQ on NASDAQ Stock Exchange Global Select Market

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Micron Technology, Inc., incorporated on April 6, 1984, is a global manufacturer and marketer of semiconductor devices, principally NAND Flash, DRAM and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial, embedded and mobile products. In addition, the Company manufactures semiconductor components for CMOS images sensors and other semiconductor products. The Company operates in four segments: NAND Solutions Group (NSG), DRAM Solutions Group (DSG), Wireless Solutions Group (WSG) and Embedded Solutions Group (ESG). The Company’s product include NAND Flash Memory, Dynamic Random Access Memory (DRAM) and NOR Flash Memory. The Company's manufacturing facilities are located in the United States, China, Israel, Italy, Malaysia, Puerto Rico and Singapore. Effective August 11, 2014, Micron Technology Inc acquired an undisclosed minority stake in Kingston Solutions Co Ltd.

NAND Flash Memory

NAND Flash products are electrically re-writeable, non-volatile semiconductor memory devices that retain content when power is turned off. Removable storage devices, such as USB and Flash memory cards, are used with applications such as PCs, digital still cameras, MP3/4 players and mobile phones. Embedded NAND Flash-based storage devices are utilized in mobile phones, MP3/4 players, computers, solid-state drives (SSDs), tablets and other personal and consumer applications. The Company's NAND Flash products feature a small cell structure that enables higher densities for demanding applications. The Company offers Single-Level Cell (SLC) NAND Flash products, as well as Multi-Level Cell (MLC) and Triple-Level Cell (TLC) NAND Flash products, which have two and three times, respectively, the bit density of SLC NAND Flash products.

The Company offers high-speed NAND Flash products that are compatible with advanced interfaces. In addition, the Company's multichip packages (MCPs) incorporate NAND Flash with other memory products to create a single package that simplifies design while improving performance and functionality. Through the Company's Lexar brand, the Company sells high-performance digital media products and other flash-based storage products through retail and OEM channels. The Company's digital media products include a variety of flash memory cards and JumpDrive products with a range of speeds, capacities and value-added features. The Company offers flash memory cards in a range of speeds and capacities and in all media formats, including CompactFlash, Memory sticks and Secure Digital (SD). The Company also manufactures products that are sold under other brand names and resells flash memory products that are purchased from other NAND Flash suppliers.

Dynamic Random Access Memory (DRAM)

DRAM products are high-density, low-cost-per-bit, random access memory devices that provide high-speed data storage and retrieval. The Company offers DRAM products with a range of performance, pricing and other characteristics, including high-volume DDR3 and DDR2 products, as well as specialty DRAM memory products, including Mobile Low Power DRAM (LPDRAM), DDR, SDRAM, Reduced Latency DRAM (RLDRAM) and Pseudo-static DRAM (PSRAM). DDR3 and DDR2 are standardized, high-density, high-volume, DRAM products that are sold primarily for use as main system memory in computers and servers. DDR3 and DDR2 products offer high speed and high bandwidth. The Company offers DDR3 products in 1Gb, 2Gb and 4Gb densities and DDR2 products in 512 megabit (Mb), 1Gb and 2Gb densities.

The Company also offers DRAM memory products including DDR and DDR2 Mobile LPDRAM, DDR, SDRAM, RLDRAM and PSRAM in densities ranging from 64Mb to 4Gb. LPDRAM products are used primarily in laptop computers, tablets and other consumer devices that require low power consumption. The Company's other specialty DRAM products are used primarily in networking devices, servers, consumer electronics, communications equipment and computer peripherals as well as computer memory upgrades. Aggregate.

NOR Flash Memory

NOR Flash products are electrically re-writeable, non-volatile semiconductor memory devices that retain content when power is turned off, offer fast read times due to random access capability and have execute-in-place (XiP) capability that enables processors to read NOR Flash without first accessing RAM. These capabilities make NOR ideal for storing program code in wireless and embedded applications.

The Company offers both parallel and serial interfaces NOR Flash products in a range of densities, packages and features. The Company's parallel NOR Flash products are constructed to meet the needs of the consumer electronics, industrial, wired and wireless communications, computing and automotive applications. These products offer high densities, XiP performance, architectural flexibility and proven reliability in rigorous industrial settings. The Company's serial NOR Flash products are designed to meet the needs of consumer electronics, industrial, wired communications and computing applications.

The Company competes with Elpida Memory, Inc., Samsung Electronics Co., Ltd., SanDisk Corporation, SK Hynix Inc., Spansion Inc. and Toshiba Corporation.

Company Address

Micron Technology Inc

8000 S Federal Way,
PO Box 6
BOISE   ID   83716-9632
P: +1208.3684000
F: +1302.6365454

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