Last $34.49 USD
Change Today +0.04 / 0.12%
Volume 18.5M
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As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

micron technology inc (MU) Snapshot

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micron technology inc (MU) Details

Micron Technology, Inc., together with its subsidiaries, provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. The company offers DRAM products for data storage and retrieval, including DDR4, DDR3, and DDR2 that offer high speed and high bandwidth; reduced latency DRAM products that offer lower power consumption relative to other DRAM products; and other DRAM products to specialty markets, such as DDR2 DRAM, DDR DRAM, GDDR5 DRAM, SDRAM, reduced latency DRAM, and pseudo-static DRAM products that are used in networking devices, servers, consumer electronics, communications equipment, computer peripherals, and automotive and industrial applications, as well as computer memory upgrades. It also provides NAND flash memory products, such as flash memory cards comprising CompactFlash, Memory Stick, and Secure Digital; and JumpDrive products that are used in mobile phones, solid-state drives, tablets, computers, industrial and automotive applications, and other personal and consumer applications. In addition, the company resells flash memory products that are purchased from other NAND flash suppliers. Further, it provides NOR flash memory products that are electrically re-writeable, non-volatile semiconductor memory devices used in consumer electronics, industrial, wired and wireless communications, computing, and automotive applications. The company markets its products to original equipment manufacturers and retailers through its internal sales force, independent sales representatives, and distributors; and through a Web-based customer direct sales channel, and channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

30,400 Employees
Last Reported Date: 10/27/14
Founded in 1978

micron technology inc (MU) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.0M
Total Annual Compensation: $726.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $582.7K
Vice President of Memory Technology and Solut...
Total Annual Compensation: $581.7K
Vice President of Business Process Management
Total Annual Compensation: $417.1K
Compensation as of Fiscal Year 2014.

micron technology inc (MU) Key Developments

Micron Technology, Inc. Proposes to Amend its Restated Certificate of Incorporation to Eliminate Cumulative Voting

Micron Technology, Inc. announced that at the annual meeting of shareholders to be held on January 22, 2015 it will propose to amend its Restated Certificate of Incorporation to eliminate cumulative voting.

Micron Signs to Revise Supply Deal with Inotera Memories

Micron Technology announced a joint venture partner Formosa Plastics Group to the change terms of its supply agreement with Inotera Memories. Micron wants to revise its supply deal with Inotera in order to raise its share of Inotera's operating income. The accord has already been upwardly revised once. The two companies have an equal stake in Inotera Memories, but Micron is able to reserve all of Inotera's manufacturing output. The companies are in disagreement over an additional revision as Formosa Plastics claims Micron does not provide financial support to help Inotera migrate to 20nm chip production.

Micron Technology, Inc. Plans to Add Approximately 255,000 Square Feet of Clean Room Space to Its Fabrication Facility in Singapore

Micron Technology, Inc. planed to add approximately 255,000 square feet of clean room space to its fabrication facility in Singapore. This expansion would facilitate efficient implementation of 3D NAND production at the Singapore facility and give the Company the flexibility to gradually add incremental capacity in response to market requirements. In addition, the space would enable production of storage class and other memory technologies. Construction of the additional space is expected to begin in fiscal 2015 with initial manufacturing output likely in fiscal 2017. The Company currently anticipates spending approximately $50 million in fiscal 2015 for initial design and construction. At completion and subject to market conditions, the Company currently expects the total cost for this expansion to be approximately $4 billion incurred over a number of years starting in fiscal 2016. The Company's capital spending guidance for fiscal 2015 remains unchanged at $3.6 billion to $4 billion.


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