onnection therewith, the company has partnered with Nanya in Inotera, a DRAM memory company in Taiwan. Tera Probe, Inc. (Tera Probe): The company has an approximate 40% ownership interest in Tera Probe, an entity that provides semiconductor probe and wafer testing services to the company and others. Marketing and Customers The company’s products are sold into compute and graphics, mobile, SSD and other storage, automotive, industrial, medical and other embedded and server markets. Sales to Kingston, primarily DRAM, were 10% of its net sales in 2014. Sales to Intel, primarily NAND Flash products through IM Flash, were 8% of its net sales in 2014. Sales to HP, primarily DRAM, were 9% of its net sales in 2014. The company’s semiconductor memory products are offered under the Micron, Lexar, Crucial, SpecTek and Elpida brand names and private labels. The company markets its semiconductor memory products primarily through its own direct sales force and maintain sales or representative offices in its primary markets around the world. 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. The company’s products are also offered through independent sales representatives and distributors. Research and Development The company’s research and development expenses were $1.37 billion in 2014. Patents and Licenses As of August 28, 2014, the company owned approximately 16,500 U.S. patents and 4,000 foreign patents. The company’s patents have various terms expiring through 2033. Competition The company faces competition in the semiconductor memory market from companies, including Samsung Electronics Co., Ltd.; SanDisk Corporation; SK Hynix Inc. and Toshiba Corporation. History Micron Technology, Inc. was founded in 1978. The company, a Delaware corporation, was incorporated in 1978.
micron technology inc
(MU:Consolidated Issue Listed on NASDAQ Global Select )
8000 South Federal Way
PO Box 6
Boise, ID 83707
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