Coronavirus Update: Our team is here to help our clients and readers navigate these difficult times. Visit our Resources page now »

Skip to Main Content

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 (about a quarter of sales) is the computer market. Micron's products are offered under the Micron, Crucial, and Ballistix brands, as well as private labels. The US-based company generates about 90% of sales internationally. Besides being one of the biggest chipmakers, Micron is one the most durable, marking its 40th anniversary in 2018.


Micron operates through four segments centered on its markets. The largest segment, accounting for 50% 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 15% of revenue with the Mobile Business Unit, memory for smartphone, tablet, and other mobile-device markets, generating more than 20% of sales. About 10% of revenue comes from the Embedded Business Unit, which makes memory and storage products for the automotive, industrial, and consumer markets.

Almost 70% 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 a dozen plants throughout the world; most of its products are made on 300mm wafers.

Geographic Reach

Boise, Idaho-based Micron generates about 55% of its revenue in China with 20% from Taiwan, Japan, and other Asia/Pacific region countries. The US and Europe contribute about 10% and 5%, respectively. The company has fabrication and assembly facilities in China, Japan, Malaysia, Singapore, Taiwan, and the US. With customers and manufacturing locations around the world, Micron has been subject to tariffs generated in trade tensions between the US and China.

Sales and Marketing

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

Micron's gets about 10% of sales from Kingston.

Financial Performance

Micron’s financial results for the past decade were typical of the cyclical semiconductor industry – up and down, but trending higher. The last two years, however, have been straight up, delivering record revenue and net income.

In 2018 (ended September), revenue jumped 50% to $30.4 billion from $20.3 billion in 2017, propelled by stronger sales in each of its segments. The CNBU segment drove the increase, providing about 70% of the additional $10 billion overall revenue on strong market conditions and demand in the cloud server, client, enterprise server, and graphics markets. The MBU segment’s revenue rose about 50% year-to-year on higher sales of mobile DRAM and managed NAND products.

The higher sales combined with modest increases in expenses resulted in higher margins and a profit of $14.1 million in 2018 compared to a $5.1 million profit in 2017.

Micron’s coffers held $6.6 billion in cash and equivalents at the end of 2018 compared to $5.2 billion the year before. Operations generated $17.4 billion and investing activities used $8.2 billion and financing activities used $7.7 billion in 2018.


Micron has rolled out DRAM and NAND products based on increasing complex productions methods, which has increased yield and help increase prices for some products. Sales of the company’s products for the graphics market have increased as companies such as NVIDIA have tapped Micron as a partner. Micron will chip in to produce NVIDIA’s GeForce RTX devices for the gaming market.

Micron’s automotive business has a full pipeline of projects, including a collaboration with BMW. Growth in automotive and other chips with long life-cycle led the company to a $3 billion expansion of its manufacturing plant in Manassas, Virginia, over the next 10 years.

The company is expanding manufacturing capacity for DRAM and NAND chips at other sites, providing greater flexibility in managing operations.

Mergers and Acquisitions

In 2018, Micron said it would exercise its right to buy Intel’s interest in the companies’ joint venture, IM Flash Technologies. The $1.5 billion deal would give Micron full control of IM Flash’s 3D XPoint technology.

Micron Technology, Inc.

Boise, ID 83716-7128
Phone: 1 (208) 368-4000

Firm Stats

Employer Type: Publicly Owned
Stock Symbol: MU
Stock Exchange: , NASDAQ
VP Finance and CFO: Ernest E. Maddock
President and CEO: Sanjay Mehrotra
Chairman: Robert E. Switz
Employees (This Location): 1,744
Employees (All Locations): 36,000

Major Office Locations

Boise, ID

Other Locations

Folsom, CA
Milpitas, CA
San Diego, CA
Longmont, CO
Boise, ID
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