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Micron Technology

Micron Technology, Inc.
Public
Traded as NASDAQMU
NASDAQ-100 Component
S&P 500 Component
Industry Semiconductors
Founded May 22, 1978; 38 years ago (May 22, 1978)
Headquarters Boise, Idaho, United States.
Area served
Worldwide
Key people
Mark Durcan (CEO)
Products DRAM, Flash memory, Solid state drives
Revenue DecreaseUS$12.4 billion (2016)
DecreaseUS$168 million (2016)
Profit DecreaseUS$-270 million (2016)
Total assets IncreaseUS$27.54 billion (2016)
Total equity DecreaseUS$12.08 billion (2016)
Number of employees
31,400 (September 2016)
Subsidiaries Lexar Media
Website www.micron.com

Micron Technology, Inc. is an American global corporation based in Boise, Idaho which produces many forms of semiconductor devices, including dynamic random-access memory, flash memory, and solid-state drives. Its consumer products are marketed under the brands Crucial Technology and Lexar. Micron and Intel together created IM Flash Technologies, which produces NAND flash memory. Micron was named one of Thomson Reuters top 100 global innovators in 2012 and 2013. Micron Technology is also ranked among the Top 5 Semiconductor producing companies in the world.

Micron was founded in Boise, Idaho, in 1978 by Ward Parkinson, Joe Parkinson, Dennis Wilson, and Doug Pitman as a semiconductor design consulting company. Startup funding was provided by local Idaho businessmen Tom Nicholson, Allen Noble, Rudolph Nelson, and Ron Yanke. Later it received funding from Idaho billionaire J. R. Simplot, whose fortune was made in the potato business. In 1981, the company moved from consulting to manufacturing with the completion of its first wafer fabrication unit ("Fab 1"), producing 64K DRAM chips.

In 1994, founder Joe Parkinson retired as CEO and Steve Appleton took over as Chairman, President, and CEO.

A 1996 3-way merger among ZEOS International, Micron Computer, and Micron Custom Manufacturing Services (MCMS) increased the size and scope of the company; this was followed rapidly with the 1997 acquisition of NetFrame Systems, in a bid to enter the mid-range server industry.


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