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)

37K

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

Chief Financial Officer & Vice President-Finance

Senior Vice President & Chief Financial Officer

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

Chief Business Officer & Executive Vice President

Chief Accounting Officer

Senior Vice President & General Manager, Mobile Business Unit

Director, Automata Processor Development

Vice President of Corporate Development

Vice President, Corporate Engineering

Board of Directors

Professional at Cyan, Inc.

President & Chief Executive Officer at Micron Technology, Inc.

Chief Executive Officer-Digital Business at General Electric Company

Former Partner at KPMG LLP

Managing Member at Firestone Holdings LLC

Former Vice President of Engineering & Product Development at Johnson Controls Power Solutions

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

Chief Executive Officer at Blue Willow Systems, 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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D1 Capital Partners LLC (D1) is a hedge fund manager headquartered in New York. D1 provides investment advice.

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Parnassus Investments seeks to invest in good businesses with increasingly relevant products or services, sustainable competitive advantages, quality management teams and ethical business practices. The firm uses fundamental security analysis methods in managing client accounts. Parnassus Investments seeks to identify and invest in stocks trading at large discounts to their assessment of the company's intrinsic, value. Parnassus Investments currently manages four fundamental, US, core equity strategies across multiple market capitalizations and one US, fixed income strategy. Their investment strategies include long-term purchases and short-term purchases. The firm offers advice on equity securities, exchange-listed securities, and securities traded over-the-counter, foreign issues, warrants, corporate debt securities, commercial paper, certificates of deposit, mutual fund shares, US government securities and partnerships investing in real estate.

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

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

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Micron Technology, Inc. issued USD Common Stock

Insider Transactions
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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

Co-Executive Chairman at Winston & Strawn LLP

Legal Advisor

Managing Partner at Wilson Sonsini Goodrich & Rosati PC

Clients

Founded in 1997, HTC built its reputation as the behind-the-scenes designer and manufacturer of many of the most popular OEM-branded mobile devices on the market. HTC corporation Since 2006, we have regularly introduced many critically-acclaimed mobile devices under our own brand, and our portfolio includes smartphones and tablets powered by the Android and Windows Phone operating systems. We are dedicated to creating a customized user experience and believe that each mobile device needs to fit its owner, and not the other way around. What we make is not merely the product of focus group tests, but of observing and honoring how individuals choose to interact with technology. Our customers guide everything we do at HTC, and it’s this commitment that defines the company

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 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.

SMART Global Holdings, Inc. engages in the design, manufacture, and sale of specialty memory solutions and services to the electronics industry. It deals with the computer, industrial, networking, telecommunications, aerospace, and defense markets. It has a product line that includes DRAM and Flash memory technologies. The company is founded in 1988 and is headquartered in Newark, CA.

Key Stats and Financials As of 2019
Market Capitalization
$53.9B
Total Enterprise Value
$49.9B
Earnings Per Share
$5.51
Revenue
$23.4B
Net Profit
$6.31B
Total Debt
$5.85B
EBITDAMargin
54.9%
EBITDA
$12.8B
Total Equity
$36.9B
Enterprise Value Sales
2.13x
Enterprise Value EBITDAOperating
3.89x
TEVNet Income
7.91x
Debt TEV
0.12x
Three Year Compounded Annual Growth Rate Of Revenue
23.59%
Five Year Compounded Annual Growth Rate Of Revenue
7.43%
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
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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.

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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
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.

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.

Western Digital Corp. Computer Hardware - IRVINE, CA

We are thousands of people worldwide working to enable you to store, collect, access, and use a vast and growing body of digital information. Our reliable hard drives and solid state drives, marketed under the WD and HGST brands, are everywhere that digital information and content is found: in the cloud, supporting your mobile digital lifestyle; in business and personal computers; in external storage devices; in the digital video recorder in your home; and in sophisticated medical, military, aerospace, automotive, manufacturing and telecommunications systems. We also make media players that enable you to enjoy your digital content on the biggest screen in your house – your TV. Our customers range from some of the largest companies in the world to individual users like you. With the acquisition of Hitachi Global Storage Technologies (HGST), now a wholly owned subsidiary of Western Digital Corporation, we have expanded R&D resources, a broader product portfolio, greater manufacturing scale and a larger geographic footprint. With two successful independent subsidiaries, WD and HGST, we expect to accomplish great things as we build the new WD to be the world’s leading storage solutions provider

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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