About Micron Technology, Inc.

Micron Technology is one of the largest memory chip makers in the world. It makes DRAM (Dynamic Random Access Memory), NAND Flash, and NOR Flash memory, and other memory technologies. The company sells to customers in networking and storage, consumer electronics, solid-state drives, and mobile telecommunications, but its largest concentration (nearly a third of sales) is the computer market. Micron's products are offered under the Micron, Lexar, Crucial, SpecTek, and Elpida brands, as well as private labels. The company generates about 85% of sales internationally.


Micron operates through four segments centered on its markets. Its largest, accounting for more than 40% of sales, is the Compute and Networking Business Unit, which sells products for the computing, networking, graphics, and cloud server markets. The Storage Business Unit contributes more than 20% of revenue with the Mobile Business Unit, memory for smartphone, tablet, and other mobile-device markets, generating more than 20% of sales. About 15% of revenue comes from the Embedded Business Unit, which makes memory products for the automotive, industrial, and consumer markets.

Almost two-thirds of revenue comes from DRAM products and NAND Flash memory products supply the rest. DRAM and flash are sold throughout each of Micron's segments.

The company makes its own products in fabrication plants throughout the world and most of its products are made on 300mm wafers.

Geographic Reach

Micron generates about 50% of its revenue in China with another 25% from Taiwan, Japan, and other Asia/Pacific region countries. The US and Europe contribute about 15% and 5%, respectively.

It has fabrication and assembly facilities in China, Japan, Malaysia, Singapore, Taiwan, and the US.

Sales and Marketing

Micron sells to equipment manufacturers and retailers via a direct sales force, third-party sales representatives, and distributors. The company sells Lexar-branded NAND Flash memory products primarily through retail channels and its Crucial-branded products through a web-based customer direct sales channel as well as through channel and distribution partners.

Intel is Micron's biggest customer, generating about 15% of sales with sales to Kingston, primarily DRAM, amounting to a tenth of sales.

Financial Performance

Micron's financial results over the past two years are Exhibit A in the volatility of the semiconductor business. The company rode increased demand to a 64% revenue increase, to about $20 billion, in 2017 (ended September) from 2016. On the bottom line, the company posted about $5 billion in net income, wiping about a $276 million loss in 2016. Revenue and profit were company records.

Micron reported strong conditions across its markets, particularly for enterprise, mobile, client, and SSD storage. The company recorded higher sales in all operating segments and significant sales volume increases for DRAM and Trade NAND products as well higher prices for DRAM products. Output was aided by improvements in product and process technology.

The improvements in manufacturing and revenue translated to the leap in net income. The 25% profit margin in 2017 was the highest in at least a decade.

Micron generated plenty of cash in 2017, hitting more than $8 billion in operating cash flow, upo from about $3 billion in 2016. Cash came from operations and the effect of working capital adjustments.


Changes Micron made to improve its manufacturing processes and to alter its product mix met the market at the right time. The company's memory products are selling into growing markets such as cloud computing, data centers, and automotive applications. That has increased demand. At the same time, Micron increased its pace of production and made it more efficient with changes to its development and fabrication processes. That enabled it to sell at higher prices for some products and gather market share from slower competitors.

Mergers and Acquisitions

In 2016 Micron acquired the two-thirds of Inotera that it did not own. Micron paid $4 billion to Nanya Technology Corp. for the DRAM maker based in Taiwan. The deal brought Inotera's DRAM production entirely in-house at Micron, which already buys 100% of Inotera's output. Most of Inotera's manufacturing operations run at Micron's 20 nanometer process with the rest to convert in 2016.

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Micron Technology, Inc.

8000 S Federal Way
Boise, ID 83716-7128
Phone: 1 (208) 368-4000
Fax: 1 (208) 368-4617


  • Employer Type: Public
  • Stock Symbol: MU
  • Stock Exchange: NASDAQ
  • President and CEO: Sanjay Mehrotra
  • VP Information Technology and CIO: Trevor Schulze
  • Chairman: Robert E. Switz
  • 2017 Employees: 34,100

Major Office Locations

  • Boise, ID

Other Locations

  • Folsom, CA
  • Milpitas, CA
  • San Diego, CA
  • Longmont, CO
  • Meridian, ID
  • Minneapolis, MN
  • Austin, TX
  • Tomball, TX
  • Manassas, VA
  • Bengaluru, India
  • Higashi Hiroshima, Japan
  • Nagoya, Japan
  • Osaka, Japan
  • Ota-Ku, Japan
  • Sagamihara, Japan
  • Tsukuba, Japan
  • Glasgow, Scotland
  • Singapore, Singapore
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