the photomasks produced by MP Mask pursuant to a supply arrangement. Inotera Memories, Inc. (Inotera): The company partners with Nanya Technology Corporation (Nanya) for the manufacture of DRAM products by Inotera, a Taiwan DRAM memory company. 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, solid-state drives and other storage, automotive, industrial, medical, and other embedded and server markets. Sales to Kingston, primarily DRAM, were 11% of its net sales; sales to Intel, primarily NAND Flash products through IMFT were 8% of its net sales; and sales to HP, primarily DRAM, were 7% of its net sales in 2015. 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 worldwide. 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 products are also offered through independent sales representatives and distributors. Research and Development The company’s research and development expenses were $1.54 billion in 2015. Patents and Licenses As of September, 2015, the company owned approximately 16,800 U.S. patents and 4,200 foreign patents. In addition, the company has various U.S. and foreign patent applications pending. Its patents have various terms expiring through 2034. Competition The company faces competition in the semiconductor memory market from various companies, including Intel; Samsung Electronics Co., Ltd.; SanDisk Corporation; SK Hynix Inc.; and Toshiba Corporation. History Micron Technology, Inc., , a Delaware corporation, was founded in 1978. The company was incorporated in 1978.
micron technology inc (MU:NASDAQ GS)
8000 South Federal Way
Boise, ID 83716
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