Company Overview
Highlights
Dell and HP account for about 25 percent of Micron’s sales.
Nearly gobbled up competitor Hynix Semiconductor in 2002, until Hynix’s board of directors called off the deal.
Don't be fooled by its moniker: Micron is a giant in the dynamic random-access memories (DRAM) chip market, ranking second behind Samsung Electronics. The company sold off former subsidiary Micron PC, the third-largest PC supplier in the direct market, to increase focus on its cash cow DRAM products. Micron has moved from a 16-bit DRAM process to a 64-bit process, and it intends to enter the embedded DRAM market in the future. The company also makes flash memory chips, memory modules, and image sensor chips. Lately Micron’s been making inroads into the NAND flash memory market, the technology found in many MP3 players, including the iPod nano. In 2005 it announced a $1.2 billion joint venture with Intel to form IM Flash Technologies, which will manufacture flash memory exclusively for Micron and Intel, and already signed a $500 million deal with Apple. And in 2006, it completed acquisition of flash memory maker Lexar Media for $850 million.