Micron Technology Inc.

What does Micron Technology make?
Micron designs and manufactures memory and storage semiconductors. Its main products are DRAM, including high-bandwidth memory for AI accelerators; NAND flash used in SSDs and mobile storage; and a small volume of NOR flash. These chips go into data center servers, smartphones, PCs, vehicles, and industrial systems.

Is Micron publicly traded?
Yes. Micron Technology trades on the Nasdaq stock exchange under the ticker MU. It has been a public company since its June 1984 IPO. Shares are widely held by institutional investors with no controlling shareholder.

When was Micron founded and by whom?
Micron was founded in October 1978 in Boise, Idaho, by engineers Ward Parkinson, Joe Parkinson, Doug Pitman, and Dennis Wilson. The company began as a semiconductor design consultancy before opening its first memory fab in 1981. Idaho potato magnate J.R. Simplot was a crucial early backer.

Who is the CEO of Micron?
Sanjay Mehrotra is chairman, president, and chief executive officer, a role he has held since May 2017. He co-founded SanDisk in 1988 and served as its CEO until Western Digital acquired the company in 2016.

Does Micron still own Crucial?
Micron continues to own the Crucial brand but exited the Crucial consumer business. The company announced the exit in December 2025 to redirect memory supply to enterprise customers amid AI-driven demand, and consumer product shipments ended in February 2026. Micron continues to provide warranty service for existing Crucial products.

What was Micron's revenue in fiscal 2025 and 2026?
Micron reported a record $37.4 billion in revenue for fiscal year 2025, ended August 28, 2025, with net income of $8.5 billion. In the first nine months of fiscal 2026, revenue reached $79.0 billion, including a record $41.5 billion in the third quarter alone. Full fiscal 2026 results are reported on September 30, 2026, with fourth-quarter revenue guided to about $50 billion.

Micron was founded in October 1978 in Boise, Idaho, by Ward Parkinson, Joe Parkinson, Doug Pitman, and Dennis Wilson. The four engineers started the company in the basement of a dental office as a semiconductor design consultancy, funded early on by local businessman J.R. Simplot, the potato processing magnate who remained a major shareholder for decades.

The company began fabricating its own chips in 1981 with a 64-kilobit DRAM and went public in June 1984. Through the 1980s and 1990s, Micron survived brutal memory price wars that drove most American competitors out of the DRAM business, emerging as the sole US DRAM maker by the early 2000s. Key survival moves included a low-cost manufacturing culture and opportunistic consolidation: it acquired Texas Instruments' memory business in 1998, Toshiba-related DRAM assets, and positions in Japanese producers.

Major acquisitions reshaped the company in the 2000s and 2010s. Micron bought flash maker Lexar Media in 2006, creating the Crucial consumer brand's storage arm, then acquired Numonyx in 2010, adding NOR flash. The 2013 purchase of bankrupt Japanese DRAM maker Elpida Memory for about $2.5 billion roughly doubled Micron's wafer capacity and brought the Hiroshima fab. The 2016 acquisition of Taiwan's Inotera completed the consolidation. Micron sold Lexar to Longsys in 2017.

Sanjay Mehrotra became CEO in May 2017 and steered Micron toward higher-value products: data center SSDs, mobile memory, and high-bandwidth memory for AI. In May 2023, China's Cyberspace Administration ruled that Micron products posed national security risks and banned them from critical infrastructure projects, a move widely seen as retaliation for US chip-export controls.

The AI boom transformed the business from 2024 onward. Micron's HBM3E memory became a key component in Nvidia's AI platforms, and data center revenue exceeded $25 billion in the third quarter of fiscal 2026 alone. In December 2025, Micron announced it would exit the Crucial consumer business to redirect supply to enterprise customers, ending consumer shipments in February 2026. The company also signed 16 multi-year Strategic Customer Agreements and began construction on its $100 billion Clay, New York, fab complex backed by CHIPS Act incentives.

Micron publishes an annual sustainability report and has committed to net zero operational greenhouse gas emissions by 2050, with interim targets to source 100% renewable electricity in the United States by 2025 and globally where feasible. The company reports progress on water reuse and waste diversion across its fabs, and its Singapore and Taiwan sites have received recognition from the World Economic Forum's Global Lighthouse Network for advanced manufacturing practices, which include energy-efficiency gains.

Semiconductor manufacturing is resource intensive: leading-edge fabs consume large volumes of ultrapure water, electricity, and fluorinated gases. Micron reports abatement systems that remove the majority of fluorinated process gas emissions at new fabs. The company is not a B Corp and does not carry consumer-facing sustainability certifications, consistent with the semiconductor industry generally.

Micron has been a central actor in US-China semiconductor tensions. In May 2023, China's Cyberspace Administration determined that Micron products failed a national security review and barred them from critical information infrastructure, cutting off a meaningful share of Micron's China revenue. Micron continues to sell to Chinese consumer and automotive customers outside the restricted sectors.

The company spent years in litigation over alleged theft of its trade secrets by Fujian Jinhua Integrated Circuit Company, a Chinese state-backed DRAM startup. The dispute, which included a US criminal indictment and countersuits, ended with a global settlement between Micron and Fujian Jinhua in December 2023.

In May 2026, Micron settled a patent dispute with Netlist, a memory module company that had previously won large jury verdicts against both Micron and Samsung over high-bandwidth and server-memory patents. Terms were not disclosed. Earlier, a 2024 jury had awarded Netlist $445 million against Micron before the settlement.