Micron Technology Inc.

Company Overview

Micron Technology Inc. is among the leading global companies in memory and storage solutions. The company designs and manufactures the industry’s broadest portfolio of memory and storage products for the latest applications, including AI, 5G, ML, and autonomous vehicles, in key market segments like mobile, data center, client, consumer, industrial, graphics, automotive, and networking. Micron’s technology and expertise are central to breakthrough computing applications and new business models that are disrupting entire industries.

The company’s major business segments include:

• Compute and Networking Business Unit (CN8U) includes memory products sold to clients, cloud servers, enterprises, graphics, and networking markets.
• Mobile Business Unit (M8U) includes memory and storage products sold into the smartphone and other mobile-device markets.
• Storage Business Unit (SBU) includes solid-state drives (SSDs) and component-level solutions sold into enterprise and cloud, client, and consumer storage markets and other discrete storage products.
• Embedded Business Unit (E8U) includes memory and storage products sold into automotive, industrial and consumer markets.

Micron offers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through its Micron and Crucial brands. Its products are widely used in servers, computers, notebooks, desktops, networking devices, data centers, consumer electronics, communications equipment, industrial, automotive, embedded and wireless applications, among others. Micron sells its products to retailers and OEMs through its sales representatives, internal sales force and distributors. The company is continuously launching new generations of products with enhanced performance characteristics, such as faster data transfer rates, sophisticated packaging solutions that comply with industry requirements, lower power consumption, increased read/write reliability, and increased memory density.

The company has a notable business presence in the U.S., China, India, Japan, Korea, Malaysia, Singapore, Taiwan, Finland, France, Germany, Italy, Switzerland, and the U.K. The company provides advanced semiconductor solutions globally.

Financial Highlights (FY 2023)

Company's Business Segments

• Compute and Networking Business Unit : Compute and Networking Business Unit includes Memory Products, Solutions sold into Client, Cloud Server, Enterprise, Graphics, Networking Markets.
• Mobile Business Unit : Mobile Business Unit includes Memory, Storage Products sold into the Mobile Market including Discrete NAND, DRAM, Managed NAND products.
• Embedded Business Unit : Embedded Business Unit includes Memory, Storage Products, Solutions sold to Automotive, Industrial, Consumer markets and includes Discrete and Module DRAM, Discrete NAND, Managed NAND, SSDs, NOR.
• Storage Business Unit : Storage Business Unit includes SSDs, Component-Level Solutions sold into Enterprise, Cloud, Client, Consumer Storage Markets.
• All Others : This segment includes Capital Gains and other source of revenue.