Micron Technology

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Micron Technology, Inc.
Public
Traded asNASDAQMU
NASDAQ-100 Component
S&P 500 Component
IndustrySemiconductors
FoundedOctober 5, 1978; 40 years ago (1978-10-05)
HeadquartersBoise, Idaho, U.S.
Area served
Worldwide
Key people
Robert E. Switz
(Chairman of the Board)
Sanjay Mehrotra
(President & CEO)
David Zisner
(Senior VP & CFO)
ProductsDRAM
Flash memory
SSDs
BrandsBallistix Gaming
Crucial
RevenueIncrease US$ 20.32 billion
(FY AUG 31 2017)
Increase US$ 5.87 billion
(FY AUG 31 2017)
Increase US$ 5.09 billion
(FY AUG 31 2017)
Total assetsIncrease US$ 35.34 billion
(FY AUG 31 2017)
Total equityIncrease US$ 19.47 billion
(FY AUG 31 2017)
Number of employees
~34,100
(FY AUG 31 2017)
Websitewww.micron.com
www.crucial.com
www.ballistixgaming.com
Footnotes / references
[1]
DDR4 RDIMM featuring both Micron logo (far left) and Crucial logo (centre right).
Crucial-branded 525GB solid state drive.
Lexar SDXC UHS-II memory card (front and back) manufactured while the company was owned by Micron.
Crucial-branded SD memory cards from 2007.

Micron Technology, Inc. is an American global corporation based in Boise, Idaho. The company produces many forms of semiconductor devices, including dynamic random-access memory, flash memory, and solid-state drives. Its consumer products are marketed under the brands Crucial and Ballistix. Micron and Intel together created IM Flash Technologies, which produces NAND flash memory. It owned Lexar between 2006[2] and 2017.[3]

History[edit]

1978–1999[edit]

Micron was founded in Boise, Idaho, in 1978[4] by Ward Parkinson, Joe Parkinson, Dennis Wilson, and Doug Pitman as a semiconductor design consulting company.[5] Startup funding was provided by local Idaho businessmen Tom Nicholson, Allen Noble, Rudolph Nelson, and Ron Yanke. Later it received funding from Idaho billionaire J. R. Simplot, whose fortune was made in the potato business. In 1981, the company moved from consulting to manufacturing with the completion of its first wafer fabrication unit ("Fab 1"), producing 64K DRAM chips.

In 1994, founder Joe Parkinson retired as CEO and Steve Appleton took over as Chairman, President, and CEO.[4]

A 1996 3-way merger among ZEOS International, Micron Computer, and Micron Custom Manufacturing Services (MCMS) increased the size and scope of the company;[4] this was followed rapidly with the 1997 acquisition of NetFrame Systems, in a bid to enter the mid-range server industry.[6]

2000–present[edit]

Micron and Intel created a joint venture in 2005, based in IM Flash Technologies in Lehi, Utah.[7] The two companies formed another joint venture in 2011, IM Flash Singapore, in Singapore.[8] In 2012, Micron became sole owner of this second joint venture.[9]

In 2006, Micron acquired Lexar, an American manufacturer of digital media products.[2]

The company again changed leadership in June 2007 with COO Mark Durcan becoming President.

In 2008, Micron spun off Aptina Imaging, which is currently a privately held company. Micron retained a stake in the spinoff.[10] The core company suffered setbacks, however, requiring layoffs of 15 percent of its workforce in October 2008, during which period the company also announced the purchase of Qimonda's stake in Inotera technologies for $400 million. Trend of layoffs and acquisitions continued in 2009 with the termination of an additional 2,000 employees and the acquisition of the FLCOS microdisplay company Displaytech. Micron agreed to buy flash-chip maker Numonyx for $1.27 billion in stock in February 2010.[citation needed]

On February 3, 2012, the CEO, Steve Appleton, died in a small Lancair plane crash in Boise, Idaho.[11][12][13] Mark Durcan replaced Appleton as the CEO shortly thereafter,[14] eliminating his former title of President.[15]

In the 2012–2014 period, Micron again went through an acquisition-layoff cycle, becoming the majority shareholder of Inotera Memories, purchasing Elpida Memory and Powerchip,[16] while announcing plans to layoff approximately 3,000 workers.[17]

In December 2016, Micron finished acquiring the remaining 67% of Inotera’s stake and made Inotera a 100% subsidiary of Micron in Taiwan.[18]

In April 2017, Micron announced Sanjay Mehrotra as the new President and CEO to replace Mark Durcan.[19][20]

In June 2017, Micron announced it was discontinuing the Lexar retail removable media storage business and putting some or all it up for sale.[21] In August of that year the Lexar brand was acquired by Longsys, a flash memory company based in Shenzen, China.[3]

In May 2018, Micron Technology and Intel launched QLC NAND memory to increase storage density.[22] The company ranked 150th on the Fortune 500 list of largest United States corporations by revenue.[23]

See also[edit]

References[edit]

  1. ^ "US SEC: Form 10-K Micron Technology, Inc". U.S. Securities and Exchange Commission. Retrieved February 26, 2018.
  2. ^ a b "Micron Technology, Inc., and Lexar Media, Inc. Announce Completion of Transaction" (Press release). 21 June 2006. Archived from the original on March 9, 2017. Retrieved 28 October 2018.
  3. ^ a b "Longsys Acquires Lexar Brand, a Leading Brand for High-Performance Removable Storage Solutions". www.longsys.com. 31 August 2017. Archived from the original on 1 September 2017. Retrieved 13 September 2017.
  4. ^ a b c "Micron Company Milestones". Micron. Archived from the original on 2014-12-02. Retrieved 2012-06-07.
  5. ^ Allan, Roy A. (2001). A history of the personal computer: the people and the technology. Allan Publishing. p. 16. ISBN 0-9689108-0-7. Retrieved 2011-06-20.
  6. ^ By John Moore, FCW. "Micron agrees to buy NetFrame." June 15, 1997. Retrieved December 6, 2016.
  7. ^ Intel, Micron to form flash-chip venture Archived February 24, 2013, at the Wayback Machine.
  8. ^ Intel, Micron Open Singapore NAND Flash Plant
  9. ^ IM Flash Singapore is now Micron[dead link]
  10. ^ Aptina boosts image; embraces foundries // EETimes, 4/12/2011
  11. ^ Micron says CEO Steve Appleton has died in a Boise plane crash, The Washington Post, February 3, 2012.
  12. ^ Statement by Micron Technology Board of Directors, Micron Technology, February 3, 2012.
  13. ^ Micron Tech CEO Dies in Plane Accident, Shara Tibken, Don Clark, The Wall Street Journal, February 3, 2012.
  14. ^ "Archived copy". Archived from the original on 2013-12-02. Retrieved 2014-01-30.
  15. ^ "Archived copy". Archived from the original on 2015-01-01. Retrieved 2016-09-04.
  16. ^ Micron and Elpida Announce Sponsor Agreement
  17. ^ Micron may shut Israel plant by 2015
  18. ^ Taiwan determined to fully support IC industry: Tsai
  19. ^ "Micron Appoints Sanjay Mehrotra as President and Chief Executive Officer". micron.com. Retrieved 27 April 2017.
  20. ^ Tallis, Billy (27 April 2017). "Micron Hires New CEO: Sanjay Mehrotra, SanDisk Co-Founder and Former CEO". Anandtech. Retrieved 27 April 2017.
  21. ^ Hawkins, Jay (26 June 2017). "Micron Technology, Inc. - Micron Discontinuing Lexar Removable Storage Retail Business". www.micron.com. Archived from the original on 25 August 2017. Retrieved 24 August 2017.
  22. ^ "Intel and Micron launch QLC NAND memory to increase storage density". TechSpot. Retrieved 2018-05-24.
  23. ^ "Micron Technology". Fortune. Retrieved 2018-11-20.

External links[edit]