Micron Technology, Inc.

Micron Technology, Inc.

Micron Technology, Inc.

Overview
Date Founded

1984

Headquarters

8000 S. Federal Way,Boise, ID 83716-9632

Type of Company

Public

Employees (Worldwide)

36K

Industries

Semiconductors
Appliances & Electronics
Computer Software
Wholesale: Industrial Products & Manufacturing

Company Description

Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman in October 1978 and is headquartered in Boise, ID.

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Executives & Employees

President & Chief Executive Officer

Senior Vice President & Chief Financial Officer

Senior Vice President, Legal Affairs, General Counsel & Corporate Secretary

Chief Information Officer & Vice President-IT

Chief Business Officer & Executive Vice President

Senior Vice President & General Manager, Mobile Business Unit

Director, Automata Processor Development

Vice President, Corporate Engineering

Executive Vice President, Technology Development

Executive Vice President, Global Operations

Board of Directors

Professional at Cyan, Inc.

President & Chief Executive Officer at Micron Technology, Inc.

Managing Member at Firestone Holdings LLC

Former Partner at KPMG LLP

Former Chief Financial Officer & Executive Vice President-Finance at NetApp, Inc.

Chief Executive Officer, Digital Business at General Electric Company

Chief Executive Officer at Blue Willow Systems, Inc.

Paths to Micron Technology, Inc.
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Micron Technology, Inc.
Owners & Shareholders
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PRIMECAP invests primarily common stocks or securities with common stock characteristics, bonds and cash/cash equivalents. The firm utilizes fundamental research and bottom-up stock picking to construct portfolios. The main sources of information for research purposes include financial publications, inspections of corporate activities, research materials by others such as sell-side analysts, companies' annual reports and any related filings and press releases, meetings with executives of companies and their suppliers, competitors, customers, etc. All portfolios are built with the best ideas of each of the managers within the multi-manager investment process. PRIMECAP's investment strategy does not employ short sales or margin transactions, nor does it permit investments in derivatives or currency hedging. The firm follows an investment approach based on four key principles including commitment to fundamental research, long-term investment horizon, emphasis on individual decision-making and focus on value.

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AQR specializes in quantitative investment analysis. The firm's models may consider a wide breadth of factors - from traditional valuation measures, momentum indicators, and price signals, to textual analysis of financial reporting and terms of trade information. They perform their research internally. AQR begins the process of building a model to test the strategy's viability once an investment approach is identified. The model building process generally consists of two steps: (1) designing an investing strategy to implement the given approach; and (2) producing testable implications. They perform ongoing research to monitor and maintain the effectiveness of its models over time. In developing quantitative forecasting computer models, they use external data. AQR may also utilize discretionary and/or hybrid strategies through a combination of quantitative and fundamental techniques. They utilize several investment strategies including, but not limited to, arbitrage strategies, equity strategies, global macro strategies, fixed income strategies, and risk parity.

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Appaloosa utilizes a variety of methods and strategies to make investment decisions and recommendations. Their primary method of analysis is fundamental research. Appaloosa seeks to generate annual returns substantially in excess of those derived from traditional buy-and-hold strategies for investment-grade fixed-income, high-yield debt and equity securities. The firm purchases and sells high-yield bonds, bank loans to highly-leveraged companies, sovereign debt and other debt and equity securities, including securities of financially-distressed companies.

Recent Transactions
Details Hidden

Micron Technology, Inc. purchases IM Flash Technologies LLC from Intel Corp.

Details Hidden

Micron Technology, Inc., Micron Japan Ltd. purchase Tera Probe, Inc. /Semiconductor Testing Service Business from Powertech Technology, Inc.

Details Hidden

Micron Technology, Inc. issued USD Common Stock

Transaction Advisors
Legal Advisor

Advised onMicron Technology, Inc. purchases Elpida Memory, Inc.

Auditor

Advised onMicron Technology, Inc. issued USD Common Stock

Legal Advisor

Advised onMicron Technology, Inc. purchases Elpida Memory, Inc.

Legal Advisor

Advised onMicron Technology, Inc. purchases Elpida Memory, Inc.

Legal Advisor

Advised onMicron Technology, Inc. purchases Elpida Memory, Inc.

Chairman, Greater China Practice

Advised onMicron Technology, Inc. purchases Elpida Memory, Inc.

Advisors & Consultants
Legal Advisor

Co-Chair of the Global Privacy Practice at Jones Day

Legal Advisor

Partner at Winston & Strawn LLP

Legal Advisor

Managing Partner at Wilson Sonsini Goodrich & Rosati PC

Clients

Intel Corporation is an American multinational semiconductor chip maker corporation headquartered in Santa Clara, California. Intel is the world's largest and highest valued semiconductor chip maker, based on revenue. It is the inventor of the x86 series of microprocessors, the processors found in most personal computers. Intel Corporation, founded on July 18, 1968, is a portmanteau of Integrated Electronics (the fact that "intel" is the term for intelligence information was also quite suitable). Intel also makes motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphic chips, embedded processors and other devices related to communications and computing. Founded by semiconductor pioneers Robert Noyce and Gordon Moore and widely associated with the executive leadership and vision of Andrew Grove, Intel combines advanced chip design capability with a leading-edge manufacturing capability. Though Intel was originally known primarily to engineers and technologists, its "Intel Inside" advertising campaign of the 1990s made it and its Pentium processor household names.

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users. The and Tegra Processor segment integrates an entire computer onto a single chip, and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. The company was founded by Jen-Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in January 1993 and is headquartered in Santa Clara, CA.

Apple, Inc. engages in the design, manufacture, and marketing of mobile communication, media devices, personal computers, and portable digital music players. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA.

Key Stats and Financials As of 2018
Market Capitalization
$42.7B
Total Enterprise Value
$63.6B
Earnings Per Share
$11.5
Revenue
$30.4B
EBITDAMargin
64.81%
Total Debt
$4.64B
Total Equity
$33.3B
Net Profit
$14.1B
EBITDA
$19.7B
Enterprise Value Sales
2.09x
Enterprise Value EBITDAOperating
3.23x
TEVNet Income
4.5x
Debt TEV
0.07x
Three Year Compounded Annual Growth Rate Of Revenue
23.35%
Five Year Compounded Annual Growth Rate Of Revenue
27.35%
Non-Profit Donations & Grants
Investments
Details Hidden

Aptina LLC manufactures semiconductor imaging sensors and processors. It develops and provides CMOS imaging technologies and solutions. The firm offers image processors and system-on-chip (SOC), and Image sensors. The company was founded in 2008 and is headquartered in Phoenix, AZ.

Investors
Details Hidden

Gimv NV is an investment company that engages in private equity and venture capital activities. It operates through the following segments: Connected Consumer, Health & Care, Smart Industries, Sustainable Cities, and Other. The Connected Consumer segment comprises companies with a clear vision of the needs and preferences of the customer of the future. The Health & Care segment provides solutions for the health and care sector and caters to a growing, ageing, and health-conscious society. The Smart Industries segment supplies smart systems and services. The Sustainable Cities segment provides services, utilities, and infrastructure. The company was founded on February 25, 1980 and is headquartered in Antwerp, Belgium.

Details Hidden

Celtic House Venture Partners specializes in early-stage investments in high technology companies originating in North America and the UK and operating in technology and innovation sectors.

Suppliers
Cohu, Inc. Semiconductors | POWAY, CA

Cohu, Inc. engages in the provision of back-end semiconductor equipment and services. It operates through the Semiconductor Test and Inspection, and Printed Circuit Board Test. The company was founded in 1947 and is headquartered in Poway, CA.

Nanya Technology Corp. Semiconductors | Taoyuan, TX

Nanya Technology Corp. provides DRAM solution for a broad range of applications. It offers comprehensive portfolio of memory solutions in densities ranging from 128Mb to 8Gb including standard DRAM, low power DRAM, MCP, KGD products, automotive & industrial grade DRAM. The company was founded on March 4, 1995 and is headquartered in Taoyuan, Taiwan.

Nanometrics, Inc. Industrial Machinery & Manufacturing | MILPITAS, CA

Nanometrics, Inc. engages in the production of process control metrology and inspection systems used in the fabrication of semiconductors and other solid-state devices. The firm operates through the following geographical segments: South Korea; China; Singapore; United States; Taiwan; Japan; and Others. Its products and solutions include semiconductor; data storage; advanced packaging; HB-LED; solar photovoltaic; and product upgrades. The company was founded by Vincent J. Coates in 1975 and is headquartered in Milpitas, CA.

Competitors
Intel Corp. Semiconductors - Santa Clara, CA

Intel Corporation is an American multinational semiconductor chip maker corporation headquartered in Santa Clara, California. Intel is the world's largest and highest valued semiconductor chip maker, based on revenue. It is the inventor of the x86 series of microprocessors, the processors found in most personal computers. Intel Corporation, founded on July 18, 1968, is a portmanteau of Integrated Electronics (the fact that "intel" is the term for intelligence information was also quite suitable). Intel also makes motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphic chips, embedded processors and other devices related to communications and computing. Founded by semiconductor pioneers Robert Noyce and Gordon Moore and widely associated with the executive leadership and vision of Andrew Grove, Intel combines advanced chip design capability with a leading-edge manufacturing capability. Though Intel was originally known primarily to engineers and technologists, its "Intel Inside" advertising campaign of the 1990s made it and its Pentium processor household names.

SK Hynix, Inc. Semiconductors - ICHEON, GY

SK Hynix Semiconductor is a drive engine and a future of the IT industry Semiconductors are essential to all IT products, and its performance often determines the performance of the final products. SK Hynix is the global leader in producing semiconductor, such as DRAM and NAND flash and System IC including CMOS Image Sensors. Since pilot production of Korea’s first 16Kb SRAM in 1984, SK Hynix consistently led the industry with smaller, faster and lower power semiconductor. As the second largest manufacturer of memory semiconductor, and as the largest DRAM provider in emerging markets such as China, SK Hynix is at the forefront of the IT industry. SK Hynix will enhance its competency with the best level of technology and a wide range of business portfolios It is common to see people using their smartphones and tablet PCs. Those IT devices become more pervasive as new imaginative and innovative IT products continue to grab imagination and ‘desires’ of consumers. More innovative IT device such as smart car, keyboard and surface computer without mouse will enlarge the range and demand of the semiconductor. SK Hynix has recorded high performance by tracking and foreseeing the market change. On year 2011 base, SK Hynix ranked 2nd position with a 23% worldwide market share in DRAM market. It has also a 10% NAND Flash market share. It also takes 8th position in global semiconductor market. SK Hynix will strengthen the world’s top level of technology and continuously diversify the product portfolios. SK Hynix opens a new IT world As of February, 2012, SK Hynix became a new family member of SK group. Now it is time for SK Hynix to open a new IT world together with SK which has led the nation strong in information technology. SK Hynix as one of the representative of Korea’s semiconductor company will make warm IT world for the mutual happiness.

Samsung Electronics Co., Ltd. Semiconductors - SUWON, GY

Samsung Electronics Co., Ltd. engages in the manufacturing and selling of electronics and computer peripherals. The company operates through following business divisions: Consumer Electronics, Information Technology & Mobile Communications and Device Solutions. The Consumer Electronics business division provides cable television, monitor, printer, air-conditioners, refrigerators, washing machines and medical devices. The Information Technology & Mobile Communications business division offers handheld products, communication systems, computers and digital cameras. The Device Solutions business division comprises of memory, system large scale integrated circuit and light emitting diode. The company was founded on January 13, 1969 and is headquartered in Suwon, South Korea.

Awards & Honors
Rank #173
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #173
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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