Crucial 2011 Annual Report Download - page 3

PART I
ITEM 1. BUSINESS
The following discussion contains trend information and other forward-looking statements that involve a number of risks and
uncertainties. Forward-looking statements include, but are not limited to, statements such as those made in "Products" regarding growth in
demand for NAND Flash products and solid-state drives and the growth in the markets for phase change memory products; in "Manufacturing"
regarding the transition to smaller line-width process technologies and increases in output from IM Flash's wafer fabrication facility in
Singapore; and in "Research and Develop" regarding tool installation at our new research and development facility in Boise, Idaho. Our actual
results could differ materially from our historical results and those discussed in the forward-looking statements. Factors that could cause actual
results to differ materially include, but are not limited to, those identified in "Item 1A. Risk Factors." All period references are to our fiscal
periods unless otherwise indicated.
Corporate Information
Micron Technology, Inc., a Delaware corporation, was incorporated in 1978. As used herein, "we," "our," "us" and similar terms include
Micron Technology, Inc. and its subsidiaries, unless the context indicates otherwise. Our executive offices are located at 8000 South Federal
Way, Boise, Idaho 83716-9632 and our telephone number is [phone]. Information about us is available on the internet at
www.micron.com. Copies of our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as well as
any amendments to these reports, are available through the our website as soon as reasonably practicable after they are electronically filed with or
furnished to the Securities and Exchange Commission (the "SEC"). Materials filed by us with the SEC are also available at the SEC’s Public
Reference Room at 100 F Street, NE, Washington, D.C. 20549. Information on the operation of the Public Reference Room is available by calling
(800) SEC-0330. Also available on our website are our: Corporate Governance Guidelines, Governance Committee Charter, Compensation
Committee Charter, Audit Committee Charter and Code of Business Conduct and Ethics. Any amendments or waivers of our Code of Business
Conduct and Ethics will also be posted on our website at www.micron.com within four business days of the amendment or waiver. Copies of
these documents are available to shareholders upon request. Information contained or referenced on our website is not incorporated by reference
and does not form a part of this Annual Report on Form 10-K.
Overview
We are a global manufacturer and marketer of semiconductor devices, principally DRAM, NAND Flash and NOR Flash memory, as well as
other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-
edge computing, consumer, networking,
automotive, industrial and mobile products. In addition, we manufacture semiconductor components for CMOS image sensors and other
semiconductor products. We market our products through our internal sales force, independent sales representatives and distributors primarily to
original equipment manufacturers and retailers located around the world. Our success is largely dependent on the market acceptance of our
diversified portfolio of semiconductor products, efficient utilization of our manufacturing infrastructure, successful ongoing development of
advanced process technologies and the return on research and development investments.
We obtain products from three primary sources: (1) production from our wholly-owned manufacturing facilities, (2) production from our
joint venture manufacturing facilities and (3) to a lesser degree from third party manufacturers. In recent years, we have increased our
manufacturing scale and product diversity through strategic acquisitions and various partnering arrangements, including joint ventures, which
have helped us to attain lower costs than we could otherwise achieve through internal investments alone.
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