Micron Technology

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Micron Technology, Inc.
Public
Traded as NASDAQMU
NASDAQ-100 Component
S&P 500 Component
Industry Semiconductors
Founded October 5, 1978; 40 years ago (1978-10-05)
Headquarters Boise, Idaho, U.S.
Area served
Worldwide
Key people
Robert E. Switz
(Chairman of the Board)
Sanjay Mehrotra
(President & CEO)
David Zinsner
(Senior VP & CFO)
Products DRAM
Flash memory
SSDs
Brands Ballistix Gaming
Crucial
Revenue Increase 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 assets Increase US$ 35.34 billion
(FY AUG 31 2017)
Total equity Increase US$ 19.47 billion
(FY AUG 31 2017)
Number of employees
~34,100
(FY AUG 31 2017)
Website www.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 is a holding company for subsidiaries engaged in the design and production of computers, semiconductors, and other related products. The subsidiaries produce many forms of semiconductor devices, including dynamic random-access memory, flash memory, USB flash drives 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

1978–1999

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

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.[10]

In 2008, Micron spun off Aptina Imaging, which was acquired by ON Semiconductor in 2014. Micron retained a stake in the spinoff.[11] The core company suffered setbacks, however, requiring layoffs of 15 percent of its workforce in October 2008,[12][13] during which period the company also announced the purchase of Qimonda's stake in Inotera technologies for $400 million.[14] The trend of layoffs and acquisitions continued in 2009 with the termination of an additional 2,000 employees,[15][16] and the acquisition of the FLCOS microdisplay company Displaytech.[17] Micron agreed to buy flash-chip maker Numonyx for $1.27 billion in stock in February 2010.[18]

On February 3, 2012, the CEO, Steve Appleton, died in a small Lancair plane crash in Boise, Idaho.[19][20][21] Mark Durcan replaced Appleton as the CEO shortly thereafter,[22] eliminating his former title of President.[23]

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,[24] while announcing plans to lay off approximately 3,000 workers.[25][26]

In December 2016, Micron finished acquiring the remaining 67% of Inotera’s stake and made Inotera a 100% subsidiary of Micron in Taiwan.[27]

In April 2017, Micron announced Sanjay Mehrotra as the new President and CEO to replace Mark Durcan.[28][29]

In June 2017, Micron announced it was discontinuing the Lexar retail removable media storage business and putting some or all it up for sale.[30] In August of that year the Lexar brand was acquired by Longsys, a flash memory company based in Shenzhen, China.[3]

In May 2018, Micron Technology and Intel launched QLC NAND memory to increase storage density.[31] The company ranked 150th on the Fortune 500 list of largest United States corporations by revenue.[32]

In February 2019, the first microSD card with a storage capacity of 1 terabyte (TB) was announced by Micron.[33]

See also

References

  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. ^ GmbH, finanzen net. "Longtime Micron Tech CEO Mark Durcan To Retire | Markets Insider". markets.businessinsider.com. Retrieved 2019-06-17.
  11. ^ Aptina boosts image; embraces foundries // EETimes, 4/12/2011
  12. ^ Vance, Ashlee (2008-10-09). "Memory Maker Reduces Work Force". The New York Times. ISSN 0362-4331. Retrieved 2019-06-16.
  13. ^ Gohring, Nancy (2008-10-09). "Micron to cut staff by 15%". Network World. Retrieved 2019-06-16.
  14. ^ "Micron to pay $400 million for Qimonda's Inotera stake". Reuters. 2008-10-13. Retrieved 2019-06-16.
  15. ^ "FOXNews.com - Micron Tech to cut up to 2,000 more jobs in Idaho - Science News | Science & Technology | Technology News". www.foxnews.com. Retrieved 2019-06-16.
  16. ^ "Micron Tech To Cut 2,000 Jobs". Granted Blog. 2009-02-24. Retrieved 2019-06-16.
  17. ^ "Micron acquires assets of Displaytech; gains FLCOS microdisplay technology". Laser Focus World. 2009-06-02. Retrieved 2019-06-16.
  18. ^ Swanekamp, Kelsey. "Micron Shares Short Out". Forbes. Retrieved 2019-06-16.
  19. ^ Micron says CEO Steve Appleton has died in a Boise plane crash, The Washington Post, February 3, 2012.
  20. ^ Statement by Micron Technology Board of Directors, Micron Technology, February 3, 2012.
  21. ^ Micron Tech CEO Dies in Plane Accident, Shara Tibken, Don Clark, The Wall Street Journal, February 3, 2012.
  22. ^ "Archived copy". Archived from the original on 2013-12-02. Retrieved 2014-01-30.CS1 maint: Archived copy as title (link)
  23. ^ "Archived copy". Archived from the original on 2015-01-01. Retrieved 2016-09-04.CS1 maint: Archived copy as title (link)
  24. ^ Micron and Elpida Announce Sponsor Agreement
  25. ^ Micron may shut Israel plant by 2015
  26. ^ [email protected], MARGARET CARMEL. "Past and current Micron employees report job cuts, Micron silent on numbers". Idaho Press. Retrieved 2019-06-17.
  27. ^ Taiwan determined to fully support IC industry: Tsai
  28. ^ "Micron Appoints Sanjay Mehrotra as President and Chief Executive Officer". micron.com. Retrieved 27 April 2017.
  29. ^ Tallis, Billy (27 April 2017). "Micron Hires New CEO: Sanjay Mehrotra, SanDisk Co-Founder and Former CEO". Anandtech. Retrieved 27 April 2017.
  30. ^ 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.
  31. ^ "Intel and Micron launch QLC NAND memory to increase storage density". TechSpot. Retrieved 2018-05-24.
  32. ^ "Micron Technology". Fortune. Retrieved 2018-11-20.
  33. ^ "Micron Unveils World's First 1TB microSD Card to Meet Consumer Demand for Mobile Storage". GlobalNewswire. 25 February 2019. Retrieved 25 February 2019.
  34. ^ "Advanced Computing Solutions". www.micron.com. Retrieved 2019-06-16.
  35. ^ Tallis, Billy. "Micron acquires SSD Controller Designer Tidal Systems, Inc". www.anandtech.com. Retrieved 2019-06-16.

External links

  • Official website
  • .:: Micron CPG Partner Portal ::. ©
  • Lexar | A world leader in reliable, award-winning memory solutions. - subsidiary of Micron Technology, Inc.
  • RAM Memory Upgrade: Dell, Mac, Apple, HP, Compaq. USB drives, SSD at Crucial.com - consumer sales for Micron memory
  • IM Flash - an Intel, Micron Venture
  • Elpida Memory, Inc. - Elpida Memory, Inc. was acquired by Micron Technology, Inc. on July 31, 2013, and is going to be unified as Micron Memory Japan.
  • Rexchip Electronics Corporation ; DRAM; Dynamic Random Access Memory - Now, Micron Memory Taiwan.
  • Business data for Micron Technology:
    • Google Finance
    • Yahoo! Finance
    • Reuters
    • SEC filings
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