Background:

Micron Technology Inc. (NASDAQ:MU), established in 1978, is an Idaho-based multinational chip maker and renowned manufacturer and marketer that specializes in semiconductor devices, providing memory solutions useful for a multiplicity of industries, including “computing, networking, server applications, as well as mobile, embedded, consumer, automotive, and industrial designs,” in its own words. Holding a sizeable 28.7% of market share, Micron Technology regularly earns praise from industry evaluators, and has frequently been proclaimed an industry leader. In 2014, in fact, the EE Times and EDN each awarded Micron with “Memory Product of the Year”awards. More recently, too, the company has earned praise for its Hybrid Cube. At the managerial level, the Micron Technology executive board seems to be well-run, with director Daniel Skinner winning the JEDEC Award of Excellence for spearheading mobile low-power DRAM developments with both the LPDDR3 and the soon-to-be-released LPDDR4 devices. The LPDDR3 chip in the devices allows for better graphics on large screens, and ameliorates 3D graphics on smartphones, tablets, and other small screen devices. The company’s main products include NAND flash memory, dynamic random access memory (DRAM) and NOR flash memory; particularly where this technology is concerned, Micron has been internationally recognized: in 2012 and 2013, Reuters named it one of the top 100 global innovators. It has also collaborated with such well-known companies as Intel in assorted partnerships geared at furthering its sales. Further, it is not just internationally acclaimed – it is also internationally functional, with facilities located in the U.S., China, Israel, and other parts of Europe and Asia.

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