Micron Technology

Maker of DRAM and Flash memory components.

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Headquarters:
8000 South Federal Way
Boise, ID 83707
Employees: 22,600
Co-CEOs: Steven Appleton
Stock Symbol: MU

Website: http://www.micron.com

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Micron is one of the world's largest companies focused on memory, storage and imaging semiconductor products-from DRAM to NAND Flash to CMOS image sensors. Micron's semiconductor products are used in mobile, computing, server, automotive, networking, security, industrial, consumer and medical applications.

The company provides memory for computers through its Crucial Technology subsidiary.

Micron also provides CMOS (complementary metal oxide semiconductor) image sensor solutions to the handset camera, digital still camera, and PC video camera markets.

Micron has operations in 19 countries to provide design, manufacturing, and sales and support to customers on a worldwide basis. The close coordination of research, manufacturing, and support functions enables Micron to deliver high-quality products meeting our customers' demands while achieving low cost production through decreased manufacturing cycle times and increased yields. The Company has wholly owned wafer fabrication facilities in Boise, ID; Manassas, VA; Avezzano, Italy; Nishiwaki City, Japan; joint venture interest in fabrication operations at TECH Semiconductor in Singapore; wholly owned assembly and test operations in Boise, ID and Singapore; and memory module assembly operations in Boise, Idaho; Singapore; East Kilbride, Scotland; and Aguadilla, Puerto Rico. IM Flash Technologies (IMFT), Micron's joint venture with Intel, will be producing NAND flash at Micron's Virginia and Boise fabrication facilities, as well as at IMFT's facility in Lehi, UT which Micron contributed to the joint venture.

In fiscal 2006, Micron reported revenues of $5.27 billion and net income of $408 million.

History

1978 - Micron Technology, Inc. is officially founded in Boise, ID and incorporated.
1979 - Engineers finalize design for a 64K DRAM.
1980 - Ground is broken for a 50,000 sq. ft. wafer fabrication plant on 200 acres in Boise.
1981 - First fabrication facility is completed First 64K DRAM product is shipped.
1983 - First "shrink" of Micron's 64K DRAM die is completed. First assembly and test facility is completed.
1984 - Micron is reincorporated under the laws of the state of Delaware and becomes a publicly held company (NASDAQ: DRAM) in June 1984 with the sale of 2.1 million shares of common stock at an initial price of $14 per share.
1990 - On November 30, Micron lists its common stock on the New York Stock Exchange, Inc., under the symbol MU.
1996 - Micron creates Crucial Technology, a division to market and sell memory upgrades to end-users.
ZEOS International Ltd., Micron Computer, Inc., and Micron Custom Manufacturing Services, Inc. (MCMS) merged to become Micron Electronics, Inc.

Benefits

- Insurance coverage including medical, dental, vision, life, accidental death and dismemberment, short- and long-term disability and business travel accident.
- 401(k) plan allows team members to invest money in a variety of mutual funds, provides a company match to team member contributions and provides contributions based on the company's return on equity.
- In recognition of each team member's contribution to profitability, the company offers variable pay programs.
- Stock Options are offered to team members at management discretion.
- The Employee Stock Purchase Plan allows team members to purchase Micron Technology, Inc. stock at a discounted price.
- Paid time off is provided at a beginning rate of 11.5 hours per month and increases annually up to 15 hours per month.
- The Education Assistance Program provides tuition support for job and/or industry related courses and degree programs.
- An on-site Health Clinic in Boise is available to team members for personal and workplace health care.
- An on-site, premier Fitness Center in Boise is available for team members' use.

Updated October 9, 2007