5 Companies Owned by Micron

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Elpida, Numonyx, Inotera Memories, Texas Instruments' memory chip business, and IM Flash Technologies are all major companies owned by Micron.
Micron Technology Inc. (MU) designs and manufactures memory and storage products for a variety of applications, such as artificial intelligence (AI) and 5G, as well as for key markets, including mobile, data center, and graphics. The company, which is headquartered in Boise, Idaho, was first founded in 1978 as a semiconductor design company comprised of four employees. In the mid-1980s, Micron introduced the world's smallest 256K dynamic random-access memory (DRAM) product and became a publicly traded company. It was named a Fortune 500 company in 1994 and has since become one of the largest memory producers in the world with a market capitalization of $81.5 billion, as of December 16, 2020. The company reported net income of $2.7 billion on revenue of $21.4 billion during its 2020 fiscal year (FY), which ended September 3, 2020.

Micron's growth over its more than 40-year history comes from the firm's own internal innovations as well as from strategic acquisitions, including Toshiba's commodity DRAM operations, Lexar Media Inc., Tidal Systems Inc., and more. Those acquisitions have helped it to boost its manufacturing capacity, operational efficiency, and product diversity.

Below, we look in more detail at 5 of Micron's most important acquisitions. The company does not provide a breakdown of how much profit or revenue each acquisition currently contributes.

Elpida Memory Inc.

Type of Business: DRAM Integrated Circuit Manufacturer

Acquisition Price: $2.5 billion

Acquisition Date: July 31, 2013 (completed)

Japan-based Elpida Memory was formed in 1999 when NEC Corp. (6701) and Hitachi Ltd. (6501) merged their DRAM operations. By 2012, Elpida had become the third-largest producer in the global DRAM market, behind Samsung Electronics Co. Ltd. (005930) and SK Hynix Inc. (000660). But amid a persistent global glut in DRAM chips and slumping prices, the company filed for bankruptcy in early 2012. It was the largest Japan-based manufacturer to ever file for…
Matthew Johnston
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