In a dynamic business field, Micron Technology, a company that primarily sells memory and storage solutions, quickly positioned itself as a key player. Today the company can look back on a remarkable company history.
• Development and production of computers, semiconductors and other related products
• As a small player in one of powerful foreign competitors, Micron is astonishing with its robust growth
• Micron positions itself as a key player
Micron’s business area
Micron Technology, Inc. is a holding company for subsidiaries engaged in the development and production of computers, semiconductors and other related products. As one of the few U.S. manufacturers remaining in the dynamic random access memory (DRAM) chip market, Micron was already competing with formidable foreign competition in the 1980s as the global semiconductor market rapidly expanded in the 1990s Billion dollar industry developed.
Milestones in chip manufacturing
Micron was founded in 1978 by Ward Parkinson, Joe Parkinson, Dennis Wilson and Doug Pitman in the basement of a dentist’s office in Boise, Idaho. Micron’s first contract was to develop a 64K memory chip for Mostek Corporation. Through its consistent cost control, Micron survived several downturns in the DRAM market that forced key competitors to exit the market.
In 1984, Micron went public and earned after-tax profits of $29 million on sales of $84 million that same year. The company used some of the proceeds from the success with its 64K chip to begin development of the industry’s next benchmark semiconductor chip, the 256K chip, which the company shipped in small quantities through the end of the year. In 1987, Micron released 1-megabit DRAM – a milestone in density that became a staple of main memory in PCs and graphics cards in the late 1980s and 1990s.
Company expansion
In 1991, Micron entered the PC market with the formation of a new subsidiary, Edge Technology, Inc (now Micron Computer, Inc.). In 1999, another subsidiary, Micron Internet Services, was added to bundle Internet activities. Both divisions were sold to web.com and MPC in 2001. Micron acquired the memory production of Texas Instruments in 1998 and that of Toshiba in 2001 and became one of the largest memory manufacturers in the world.
Micron’s entry into the image sensor sector established the company as the global market leader in CMOS image sensors in 2003. To this day, CMOS sensors are the standard in digital cameras of all kinds, from smartphones to high-end professional devices. A year later, Micron also introduced its pseudo-static RAM for mobile phones, which impresses with high bandwidth, capacity and low power consumption.
In 2005, Intel Corporation and Micron Technology, Inc agreed to collaborate to produce flash memory called IM Flash Technologies, LLC and built a joint factory in Singapore in 2006. In the same year, Micron acquired Lexar, a flash memory manufacturer. In 2015, Micron and Intel agreed to another joint venture, 3D XPoint, to develop and manufacture non-volatile memory technology. In the same year, Micron acquired Tidal Systems and, in 2016, the Taiwanese semiconductor manufacturer Inotera Memories, Inc. from Nanya Technology. Sanjay Mehrotra has been the new President and CEO at Micron since April 2017.
Current developments
In May 2023, the Chinese Internet Censorship Board banned the purchase of Micron products. Observers in the New York Times and the Wall Street Journal interpreted this as a retaliatory measure because of US sanctions against China’s semiconductor industry, as Der Spiegel reports.
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