Corporate Profile

8000 S. Federal Way
P.O. Box 6
Boise, ID 83707-0006
Phone: 208-368-4465
Fax: 208-368-4435

Founded: October 1978, Boise, ID

FY2008 Net Sales: $5.8 billion

NYSE Symbol: MU

Employees: 18,250 worldwide

• The Americas - Boise, Idaho; Manassas, Virginia; Kanata, Canada; Aguadilla, Puerto Rico.
• Europe - Avezzano, Italy; East Kilbride, Scotland; Giesshuebl, Austria; Paris, France; Munich and Berlin, Germany; Erd, Hungary; Virginia, County Cavan, Ireland; Stockholm, Sweden; Vantaa, Finland.
• Asia - Tokyo, Osaka, Nishiwaki, and Tsukuba, Japan; Singapore; Seoul, South Korea; Taipei, Taiwan; Shanghai, Beijing, Shenzhen, and Fujian, China; Bangalore, India.

Products: DRAM, Flash memory, SSDs, and memory modules in multiple technologies, generations, configurations, and packages.

Markets We Serve: Micron's products are designed to meet the diverse needs of computing, networking, server, consumer, mobile, automotive, and industrial applications.

Patents: 1,461 in 2005 (ranked 6th in the world for most patents)

View our latest quarterly financial results.

For more complete financial information, see the Company's documents filed regularly with the Securities and Exchange Commission.

Investor Inquiries
Ivan Donaldson
Investor Relations Manager
inverel@micron.com
Tel: 208-368-4093

Media Inquiries
Daniel Francisco
Media Relations Director
dfrancisco@micron.com
208-368-5584 (office)
208-863-6261 (mobile)

Government Inquiries
Jennafer R. Hopkins
jhopkins@micron.com
208-363-2394

Employment Inquiries
personnel@micron.com
Tel: 208-368-4141

Micron Foundation
mtf@micron.com
Tel: 208-363-3675

All registered and unregistered trademarks are the sole property of their respective companies.

Micron is one of the world's leading semiconductor companies. Our DRAM components and modules and NAND Flash memory are used in everything from computing, networking, and server, to consumer, mobile, automotive, and industrial designs. We're an innovator and industry leader, developing groundbreaking technologies and delivering products that optimize performance. We're also a partner with other manufacturers and enablers, making it easier for our customers to try new things and gain competitive advantages in their markets.

Through innovative design and understanding of customers' needs, Micron has reliably empowered the market with next-generation digital technology since the company was first founded in 1978. Micron is consistently ranked among the top 10 patent holders in the United States and was a clear patent leader in 2005 with 82 patents per 1,000 employees. The company delivered higher-density innovations such as 6F² years ahead of its competitors.

Micron continues to enable customers across multiple computing applications, including desktops, notebooks, and servers, with its broad portfolio of DDR2 products. The company's very low profile (VLP) DDR and DDR2 registered DIMM modules are ideal for server applications such as rack-mounted blade servers, giving server system designers a 62 percent reduction in memory area compared to other registered DIMM designs.

Micron is an industry leader in accelerating development of next-generation digital innovations for its world-leading customers. Micron has driven industry standards for PSRAM in the mobile market and has emerged as a market leader. Looking forward, Micron's technology will fuel the next-generation of NAND Flash memory as the company works with Intel through the IM Flash Technologies venture to continue to meet the needs of this rapidly growing segment.

Micron Technology, Inc. , became a publicly held company in June 1984 with the sale of 2.2 million shares of common stock at an initial price of $14 per share (22 million shares at $1.40 adjusted for splits). The Company was initially listed on the NASDAQ exchange under the "DRAM" symbol.

In November 1990, Micron was listed on the New York Stock Exchange (NYSE), where its common stock trades today under the "MU" symbol. At January 3, 2008, the Company had 772 million shares outstanding.

Micron has operations in 19 countries to provide design, manufacturing, and sales and support to customers on a worldwide basis. The close coordination of research, manufacturing, and support functions enables Micron to deliver high-quality products meeting our customers' demands while achieving low cost production through decreased manufacturing cycle times and increased yields. The Company has wholly owned wafer fabrication facilities in Boise, Idaho; Manassas, Virginia; Avezzano, Italy; Nishiwaki City, Japan; joint venture interest in fabrication operations at TECH Semiconductor in Singapore; wholly owned assembly and test operations in Boise, Idaho and Singapore; and memory module assembly operations in Boise, Idaho; Singapore; East Kilbride, Scotland; and Aguadilla, Puerto Rico. IM Flash Technologies (IMFT), Micron's joint venture with Intel, will be producing NAND flash at Micron's Virginia and Boise fabrication facilities, as well as at IMFT's facility in Lehi, UT which Micron contributed to the joint venture.

Micron markets DRAM, Flash memory, other semiconductor components, and memory modules. All products are offered in multiple technologies, generations, configurations, and packages to meet the diverse needs of computing, server, automotive, networking,  commercial/industrial, consumer electronics, and mobile applications.

Our DRAM offerings include high-volume DDR2 and DDR3 memory for desktop and laptop PCs, but we also design a variety of specialty memory architectures like our Mobile LPDRAM and CellularRAM® devices for mobile products, RLDRAM® and Aspen memory for networking applications, a host of module form factors, and legacy and extended temperature DRAM technologies for automotive and industrial markets.

Our NAND Flash devices target the removable storage, digital music player, and mobile handset products. We incorporate this memory into our high-speed SSD disk drives and work with partners and enablers to embed NAND in multiple applications.

We also manufacture high-quality CMOS image sensors, which are designed and marketed by our subsidiary, Aptina Imaging.

Computing Applications

• First to initiate volume production of DDR2 components
• First to gain Intel Platform validation on all three densities (256Mb, 512Mb and 1Gb) of DDR2 components at both 400 MHz and 533 MHz speed grades
• First to sample DDR2 SDRAM SODIMM modules to Intel
• First to offer a family of 256Mb, 512Mb, and 1Gb DDR2-400/533 MHz devices
• First to introduce 256Mb DDR2 SDRAM components
• First to demonstrate a high-density dual channel DDR400 platform using 512Mb DDR400 parts
• First to demonstrate desktop platform with DDR2 memory channel
• First supplier to validate PC2-5300 modules with ATI's Radeon Xpress 200M mobile chipset
• First to introduce Very Low Profile MiniDIMM memory modules

Server Applications

• First to sample 4GB DDR SDRAM registered DIMM modules
• First to sample 1Gb DDR2 SDRAM device
• First to demonstrate and ship 1Gb DDR SDRAM device manufactured on 110nm process technology
• First supplier to provide fully buffered DIMM modules using DDR2-667 components
• First supplier to receive Intel validation of 4GB DDR2 registered DIMM modules
• First supplier to receive Intel validation of a high-density DDR2 module solution employing stacked component technology
• First to sample 2Gb DDR2 components to the server market
• First to demonstrate 4 Gigabyte fully buffered DIMM modules

Mobile/Networking Applications

• First and only supplier to produce RLDRAM II devices for low-latency, high-bandwidth applications
• First to sample CellularRAM devices
• First to sample 1.8V Flash memory devices with random access speeds of 60ns and 81 MHz burst frequency

Micron began as a DRAM company, and DRAM technology has always been the core of our business. But we're also continually seeking out new avenues where our technology expertise can make a significant difference. In the past decade, that's meant diversifying into new markets including NAND Flash and CMOS image sensors. Because of similar manufacturing processes, both of these products represented good opportunities to leverage our resources and expertise to reach new markets.

For 2009, market analysts project 35-40% and 100% bit growth for DRAM and NAND, respectively. The computing segment is the largest DRAM consumer and notebook demand remains strong despite a slight reduction in desktop demand. The market for DDR3 continues to rise. Micron's broad technology portfolio also allows us to sell significant product into the specialty DRAM market, which serves markets like mobile, automotive, and networking. NAND adoption is accelerating more quickly than anticipated in many applications due to current low prices, and that market is projected to experience exponential growth over the next five years. The CMOS image sensor business continues to offer attractive margins, and while segment growth has slowed as the mobile market matures, Micron was able to grow market share in the last two quarters of the fiscal year.

"The foundation of Micron's success is our employees. Their commitment to continuous improvement and meeting the customer's expectations provides a basis for achieving our quality objectives. "

—Steve Appleton, (Chairman, CEO, and President)

Some organizations limit their potential by limiting the quality improvements they make to the simple or the obvious. If the return on investment does not appear to warrant improving a process, they may opt to remain with the status quo, losing out on the hidden benefits that are realized from improving quality wherever possible. It has been our experience that although these hidden benefits often cannot be anticipated, they invariably surface and always prove to be worthwhile. It is on this basis that our organization is run - Micron's quality plan is paramount.

Micron believes that quality values must be internalized at every level of the organization. Our approach to communicating and implementing these values is one of encouragement, education and training rather than policing. Ongoing education and individual support provide employees with the tools, confidence, and motivation they need to implement Micron's quality philosophy. Through Micron's quality training program, employees learn both the importance of quality and how to measure it.

An integral part of this mission is a proactive approach to environmental compliance and protection that serves our team members, our customers, and the communities in which we operate. Micron strives to reduce the burden on air, water, and land resources. Continuous improvement of our environmental performance is a long term commitment of Micron's business mission and helps protect the future community.

Compliance with applicable environmental regulations is considered a minimum standard and Micron implements additional programs where appropriate to provide greater environmental protection. In developing environmental programs that go beyond legal compliance, Micron continually demonstrates the responsibility it feels toward its local and global communities.

An environmental team, which includes executive management and key operations personnel, is responsible for setting the goals of Micron's environmental effort and measuring our progress. The team implements our environmental goals and serves as a catalyst for all compliance and pollution prevention activities.

Micron has an active program for continuous reduction of chemicals in the manufacturing process. A chemical approval system is in place to review chemicals and their effects on associated waste streams prior to purchase and use. Micron identifies at the earliest stages those potential waste streams that should be eliminated or targeted for recycling.

Micron's pollution prevention, reclamation, and recycling efforts not only benefit the environment but reduce material, energy, and waste disposal costs. A significant part of Micron's recycling effort is the early evaluation of chemicals and equipment used in manufacturing. Micron has implemented aggressive, self-funded reclamation programs and continues to explore new ideas and technology as they emerge.

In October 1999, Micron strengthened its commitment to education by establishing the Micron Technology Foundation, Inc.   Endowed with gifts from Micron Technology, Inc. , the foundation's mission is to advance education—primarily in science and technology—and to support charitable organizations in those communities where Micron employees live and work.

At the K-12 level, Micron focuses on innovative ways of teaching science, math and encouraging the integration of technology in the classroom. Micron's contributions to higher education include scholarships and grants targeting those institutions that support a spirit of innovation and leadership in the microelectronics industry.

September 2006 - Micron's 8-Megapixel Image Sensor Wins Stoel Rives Idaho Innovation Award
During the first annual Stoel Rives Idaho Innovation Awards program, Micron's 8-Megapixel Image Sensor was the overall winner in the Imaging/Optical Technology category. The awards program recognizes top Idaho inventions through eight diverse categories. More >>>

September 2005 - Sun Microsystems, Inc. 's Supplier Meritorious Award for outstanding performance in FY05
The Supplier Awards honor those companies who make outstanding contributions to Sun Microsystems' ability to deliver superior quality and value to its end customers.

June 2005 – Micron Paper Garners Prestigious IEEE Award for Innovation
The IEEE awarded Micron the prestigious Walter Kosonocky Award for the Micron white paper entitled "A 2e Noise 1.3 Megapixel CMOS Sensor. " The award, given every two years for the best paper representing significant advancements in solid-state image sensors, commemorates the contributions made to the field by the late Dr. Walter Kosonocky.

March 2005 - Semiconductor Insights INSIGHT Awards 2005 – Micron 2-Megapixel Low Power CMOS Image Sensor (MT9D011)
The MT9D011 was awarded the 2005 INSIGHT Award as it provides design simplicity, reduced chip count, low integration costs and fast time to market.

November 2004 – Cisco Systems, Inc. "Excellence in Value for Technology and Services" Award.
Cisco Systems, Inc. awarded Micron the "Excellence in Value for Technology and Services" Award for 2004 based on the overall value Micron provides to Cisco. This award was based on several measures, including meeting their technology needs, on-time-delivery, ease of doing business, and customer support.

August 2004 – The Hyogo Federation of Labor Standards recognizes Micron Japan as a Workplace with Excellent Safety Performance.
To qualify for this award, companies must establish a safety management organization, familiarize all employees with health and safety activities, and show strong performance in occupational health and safety for the past three years.

May 2004 – Semiconductor Insights honors Micron with the 2004 INSIGHT Award for Most Innovative DRAM.
Semiconductor Insights, the leader in technical and patent analysis of integrated circuits, awarded Micron the 2004 INSIGHT Award for Most Innovative DRAM for Micron's 6F2 array architecture. According to Semiconductor Insights, "Micron's 6F2 achieved the most innovation in DRAM technology - not just this year, but over the past several years. "

March 2004 – Fortune Magazine ranks Micron 4th in America's "Most Admired" semiconductor companies list.
The Fortune "Most Admired Companies" list (March 8, 2004 issue) is an important benchmark because of the comprehensiveness of the eight reputation categories: innovation, employee talent, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, and quality of products/services.

February 2004 – Wireless Systems Design "Best Wireless Technology" Award.
Wireless Systems Design 2004 Industry Award Winners: Micron Technology, Infineon, and Cypress Semiconductor for CellularRAM. These awards are given out annually as a means of honoring those wireless products/technology developments that stand apart from the competitive field and serve as beacons to which the entire wireless community can aspire.

October 2003 – NEC Personal Products "Supplier Excellence Award. "
Micron was one of eleven suppliers selected to receive this award out of approximately 100 suppliers overall. The Supplier Excellence Award honors those companies for supplier support, quality analysis, pricing, and overall relationship.

May 2003 – Ranked #1 In Semiconductor Industry on Patent Score Card.
Technology Review, published by the Massachusetts Institute of Technology (MIT), ranked Micron Technology, Inc. , number one in the semiconductor industry for the third consecutive year. Companies in key industries are ranked based on technological strength including quality and quantity of patents, scientific papers cited, and the ability to convert leading-edge technology into intellectual property (IP).

April 2003 – BizRate.com "Circle of Excellence Gold Honoree Award. "
Crucial Technology, a division of Micron and one of the world's largest direct memory upgrade providers, received the "Circle of Excellence" award - for the second consecutive year - for outstanding customer service. Crucial's Web site was among the top ten percent of Web sites that excelled in providing customer satisfaction during the 2002 holiday season.