November 22, 2014 8:26 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Micron Semiconductor Asia Pte. Ltd.

Company Overview

Micron Semiconductor Asia Pte. Ltd. manufactures and sells semiconductors. The company was founded in 1998 and is based in Singapore. Micron Semiconductor Asia Pte. Ltd. operates as a subsidiary of Micron Technology Inc.

990 Bendemeer Road

Singapore,  339942

Singapore

Founded in 1998

Phone:

65 6290 3000

Fax:

65 6290 3639

Key Executives for Micron Semiconductor Asia Pte. Ltd.

Managing Director
Managing Director
Compensation as of Fiscal Year 2014.

Micron Semiconductor Asia Pte. Ltd. Key Developments

Micron Semiconductor Asia Pte. Ltd. Announces Offering of $462,278,000 in Aggregate Principal Amount of 1.258% Secured Notes Due 2019

Micron Semiconductor Asia Pte. Ltd. announced that it has priced an offering of $462,278,000 in aggregate principal amount of 1.258% Secured Notes Due 2019. The sale of the notes is expected to close on December 20, 2013, subject to satisfaction of customary closing conditions. The notes will be governed by an Indenture dated December 16, 2013, by and among Micron Singapore, Wells Fargo Bank, National Association, as the indenture trustee, Wells Fargo Bank Northwest, National Association, as security trustee, and the Export-Import Bank of the United States. Micron has guaranteed all of Micron Singapore's obligations under the Notes. Upon Ex-Im Bank's endorsement of a guarantee legend on the Notes, payment of 100% of all regularly scheduled installments of principal of, and interest on, the Notes will be guaranteed by Ex-Im Bank.

Micron Semiconductor Asia to Lay Off 150 Staff in Singapore

Micron Semiconductor Asia is laying off some 150 staff in Singapore. That is about 2% of its 7,500-strong workforce here. Those laid off include technicians, operators, engineers and some managers. Micron Technology is laying off 5% of its workforce globally, as part of plans to cut costs and improve efficiency. Micron will also pay one year's union membership fees so that the affected workers will continue to receive benefits.

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