MICRON TECHNOLOGY, INC.

(MU)
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Delayed Nasdaq  -  04:00 2022-06-28 pm EDT
57.86 USD   -1.57%
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Micron Marks 50,000 Patents Milestone

05/11/2022 | 09:01am EDT

BOISE, Idaho, May 11, 2022 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today announced it has surpassed 50,000 lifetime patents, reinforcing the company’s leadership in innovation. Patents play a key role in Micron’s technology leadership strategy, from creating the world’s smallest 256K DRAM chip in 1984, to delivering the first 1-alpha DRAM shipment in 2021—with thousands of inventions in between. More than 4,000 team members across 16 countries have contributed to this notable accomplishment over the course of Micron’s 43-year history.

“Very few companies in any industry have reached this achievement. I want to acknowledge the contributions of all Micron team members, past and present, as this milestone would not have been possible without their innovative ideas that ensure we stay on the cutting edge of technology,” said Micron President and CEO Sanjay Mehrotra. “Thanks to their hard work and tenacity, Micron is the world leader in memory and storage solutions.”

Micron was founded with the belief that innovation and persistence would drive long term success. This unwavering focus on innovation led Micron to overcome performance barriers and bring better products to market faster than the competition, all while garnering patents on these revolutionary inventions. Micron’s 50,000th patent caps what is widely recognized to be the most valuable memory and storage patent portfolio in the industry.

“With global demand for memory and storage growing rapidly, Micron’s customers are counting on us to keep advancing the pace of innovation,” said Scott DeBoer, Micron’s executive vice president of technology and products. “That pioneering spirit is still very much alive and well at Micron, especially as we pursue the next 50,000 patents that will serve as a foundation for future technological breakthroughs.”

As innovation continues to accelerate, so does Micron’s patent portfolio. In 2021, nearly 1,500 Micron team members contributed to almost 2,600 Micron patent grants – the most patents issued to Micron in a single year throughout the history of the company. This outstanding performance is due in part to Micron’s increasing focus on team member and inventor diversity. For example, the annual number of women who were inventors on Micron’s original patent applications was four times greater in 2021 than 2017, furthering the diversity of ideas being represented across Micron’s industry-leading advancements.

Resources:

  • Micron’s Patent Legacy

About Micron Technology, Inc.
We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence and 5G applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

© 2022 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.


Micron Media Relations Contact
Kelly Sasso
Micron Technology, Inc.
+1 (208) 340-2410
ksasso@micron.com

Micron Investor Relations Contact
Farhan Ahmad
Micron Technology, Inc.
+1 (408) 834-1927
farhanahmad@micron.com

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Source: Micron Technology, Inc.

2022 GlobeNewswire, Inc., source Press Releases

All news about MICRON TECHNOLOGY, INC.
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Financials (USD)
Sales 2022 33 347 M - -
Net income 2022 10 257 M - -
Net cash 2022 6 013 M - -
P/E ratio 2022 6,55x
Yield 2022 0,71%
Capitalization 65 638 M 65 638 M -
EV / Sales 2022 1,79x
EV / Sales 2023 1,41x
Nbr of Employees 44 000
Free-Float 91,2%
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Number of Analysts 35
Last Close Price 58,78 $
Average target price 97,45 $
Spread / Average Target 65,8%
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Managers and Directors
Sanjay Mehrotra President, Chief Executive Officer & Director
Mark Joseph Murphy Chief Financial Officer & Executive Vice President
Robert E. Switz Director
Scott J. DeBoer Executive Vice President-Technology Development
Manish Bhatia Executive Vice President-Global Operations
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