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5
NOR Flash Memory
NOR Flash products are electrically re-writeable, non-volatile semiconductor memory devices that retain content when
power is turned off, offer fast read times due to random access capability and have execute-in-place ("XiP") capability that
enables processors to read NOR Flash without first accessing RAM. These capabilities make NOR ideal for storing program
code in wireless and embedded applications. Our NOR Flash sales were 9%, 12% and 18% of our total net sales for 2013,
2012 and 2011, respectively. NOR Flash products are sold by our WSG and ESG segments.
We offer both parallel and serial interface NOR Flash products in a broad range of densities, packages and features. Our
parallel NOR Flash products are constructed to meet the needs of the consumer electronics, industrial, wired and wireless
communications, computing and automotive applications. These products offer high densities, XiP performance, architectural
flexibility and proven reliability in rigorous industrial settings. Our serial NOR Flash products are designed to meet the needs
of consumer electronics, industrial, automotive, wired and wireless communications and computing applications. These
products offer industry-standard packaging, pinouts, command sets and chipset compatibility.
Partnering Arrangements
The following is a summary of our partnering arrangements as of August 29, 2013:
Member or Partner Micron
Ownership Interest Formed/
Acquired Product Market
Consolidated Entities
IMFT (1) Intel Corporation 51% 2006 NAND Flash
MP Mask (2) Photronics, Inc. 50% 2006 Photomasks
Equity Method Investments
Inotera (3) Nanya Technology Corporation 35% 2009 DRAM
Tera Probe (4) Various 40% 2013 Wafer Probe
(1) IMFT: We partner with Intel for the design, development and manufacture of NAND Flash and certain emerging
memory products. In connection therewith, we formed a joint venture with Intel, IM Flash Technologies, LLC
("IMFT"), to manufacture NAND Flash memory products for the exclusive use of the members. The members share
the output of IMFT generally in proportion to their investment. We sell NAND Flash products to Intel through IMFT
at long-term negotiated prices approximating cost. We generally share product design and other research and
development costs for NAND Flash and certain emerging memory technologies equally with Intel. (See "Item 8.
Financial Statements and Supplementary Data – Notes to Consolidated Financial Statements – Consolidated Variable
Interest Entities – IM Flash" note.)
(2) MP Mask: We produce photomasks for leading-edge and advanced next generation semiconductors through MP Mask
Technology Center, LLC ("MP Mask"), a joint venture with Photronics, Inc. ("Photronics"). We and Photronics also
have supply arrangements wherein we purchase a substantial majority of the reticles produced by MP Mask. (See
"Item 8. Financial Statements and Supplementary Data – Notes to Consolidated Financial Statements – Consolidated
Variable Interest Entities – MP Mask" note.)