1. Company Profile

Micron Technology, founded in 1978 and headquartered in Boise, Idaho, USA, is one of the world’s top three memory chip manufacturers, alongside Samsung and SK Hynix. Listed on NASDAQ (ticker: MU), Micron’s market cap exceeded $490 billion as of April 2026. As an IDM (Integrated Device Manufacturer), Micron owns full capabilities from chip design and wafer fabrication to packaging and testing.

Founded by four engineers in a basement, Micron has grown into a global semiconductor leader with nearly 50 years of innovation and operations worldwide.

2. Industry Position

Micron is the only global supplier offering DRAM, NAND, and NOR technologies, with leading advantages in AI, automotive, and data center markets.

3. Development History

Initial Stage (1978–1990)

• 1978: Founded in Boise, Idaho, with 4 team members

• 1980: Launched 256K DRAM

• 1984: Listed on NASDAQ

• 1986: Released 1M DRAM

Expansion Stage (1991–2010)

• 1994: Joined Fortune 500

• 1998: Acquired TI’s memory business

• 2006: Acquired Lexar

• 2008: Established IM Flash with Intel

Global Growth & Tech Breakthroughs (2011–Present)

• 2013: Acquired Elpida for $2B

• 2015: Launched 3D NAND and 3D XPoint

• 2017: Acquired Intel’s NAND business

• 2021: Announced $15B US fab investment

• 2026: HBM4 entered mass production

4. Core Products & Advantages

4.1 DRAM Products

• HBM Series: HBM3E, HBM4 for NVIDIA AI GPUs

• DDR5: Up to 8000MT/s for servers & data centers

• LPDDR5/5X: Low power for mobile & automotive

4.2 NAND Products

• G8 NAND: High-density 3D NAND for SSDs

• NVMe SSD: PCIe Gen6, 12.8GB/s for AI/HPC

• eMMC & UFS: Embedded storage for mobile & automotive

4.3 Automotive Memory

• AEC-Q100 qualified DRAM/NAND (-40℃ to 125℃)

• Automotive SSD for ADAS & infotainment

• Secure storage with hardware encryption

4.4 Core Strengths

• Only provider of DRAM + NAND + NOR worldwide

• Full IDM vertical integration

• AI-optimized HBM leadership

• Global No.1 in automotive memory

• Carbon neutrality goals by 2030 (operation) & 2050 (value chain)

5. Key Customer Base

AI & Data Centers

• NVIDIA, Microsoft Azure, Google, AWS

Consumer Electronics

• Apple, Samsung, Xiaomi, OPPO, vivo

Automotive

• Tesla, Toyota, VW, BMW, NIO, XPEV, Li Auto

Industrial & Medical

• Bosch, Continental, Siemens, ABB, medical device leaders

6. Global Footprint

6.1 R&D Centers

• US: Boise, San Jose, Austin

• Asia: Tokyo, Seoul, Shanghai, Hsinchu

• Europe: Munich, Grenoble

6.2 Manufacturing Facilities

6.3 Sales Network

• Operations in 30+ countries, serving 10,000+ customers

• Asia Pacific: largest market

• North America: data center & AI hub

• Europe, Middle East, Africa: automotive & industrial focus

7. Supply Chain Services

• Customized memory solutions for AI, automotive, and industrial clients

• Global supply chain visibility & secure inventory

• 24/7 global technical support

• Sustainable & low-carbon supply chain

• Global distribution via Digi-Key, Mouser, and authorized partners

8. Recent Updates

8.1 Financial Results (Q2 FY2026)

• Revenue: $27.7B, +196% YoY

• Gross margin: 74.4%

• Net income: $17.3B, +728% YoY

• EPS: $14.28

• Q3 FY2026 guidance: $33.5B revenue, ~81% gross margin

8.2 Capacity Status

• HBM4 in mass production since Q1 2026

• US $100B fab underway (opens 2028)

• Singapore $24B expansion for HBM & premium DRAM

• Full capacity utilization across DRAM & NAND

8.3 Pricing & Market Outlook

• HBM prices up 170% YoY

• DRAM up 65–67% Q1 2026

• NAND up 40–50% Q1 2026

• Supply tightness expected to continue through 2026

8.4 Strategic Updates

• Deepened NVIDIA partnership: HBM4 for Rubin platform

• Long-term Tesla supply agreement for automotive memory

• Azure AI-optimized storage solution launched

• World’s first PCIe Gen6 SSD in mass production

9. Summary

As one of the world’s top three memory giants, Micron leads in DRAM, NAND, and HBM with nearly 50 years of expertise. Backed by strategic M&A and IDM advantages, Micron is the key beneficiary of the AI memory super cycle, achieving record profitability and growth. It remains a critical leader in automotive, data center, and next-generation memory solutions.