Businesses need innovation, adaptability and talent, said Micron Chairman and CEO Sanjay Mehrotra in a rare public appearance, noting that the company holds 40,000 patents. Moreover, innovation is not just a matter of technology and products, but also business processes, ...
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March 28, 2019
Comments Off on Micron quarterly earnings drop. Next quarter’s worse.
As expected, Micron’s second-quarter earnings showed a drop in earnings from previous performances, which had been on a fairly steady climb since 2016, though slightly better than predicted. But next quarter isn’t good. Jim Handy, a veteran Micron analyst and ...
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February 25, 2019
Comments Off on Micron borrows $1.8 billion to pay off other notes
Micron has issued a flurry of Securities and Exchange Commission filings regarding $1.8 billion in borrowing, but it’s apparently nothing to worry about. “It’s just borrowing at a lower rate to retire debt at a higher rate,” said Jim Handy, ...
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January 23, 2019
Comments Off on Micron to buy out Intel plant in Lehi, Utah
The other shoe dropped earlier this month when Micron announced it was acquiring the assets of an Intel partnership that ended in October for $1.5 billion. The Boise company said it would purchase Intel’s interest in the parties’ joint venture, ...
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December 4, 2018
Comments Off on Micron announces lowered expectations
For the first quarter of 2019, which ended Nov. 30, Micron said it expects its revenue to be on the low end of its previously announced guidance range of $7.9 billion to $8.3 billion. In addition, the company said it ...
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Just weeks after its 40th anniversary celebration, Micron is shedding some employees, but the company said it wasn’t a layoff. A number of people identifying themselves as Micron employees have been posting anonymously in recent days to employee websites such ...
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November 2, 2018
Comments Off on Federal government gets involved in ongoing Micron-China case
A recent federal indictment against three employees of two Chinese companies, alleging that they stole intellectual property from Boise chip manufacturer Micron, is another in a series of ongoing espionage claims and counterclaims between the two countries. “It’s not too ...
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“Boise is our headquarters,” Micron CEO Sanjay Mehrotra said on Thursday. “It is the center of our research and development,” which in turn is the foundation of the company’s global presence. Mehrotra was in Boise to take part in the ...
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October 18, 2018
Comments Off on What’s in store for Micron’s next 40 years?
Micron Technology, the grande dame of Idaho’s technology industry, is celebrating the 40th anniversary of its founding this week, and, by all accounts, appears to be ready to stay in Idaho for at least another 40 years. The Boise-based company ...
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July 11, 2018
Comments Off on Micron served with Chinese DRAM injunction
Micron said it has received a preliminary injunction regarding computer chips it sells in China, but said it should not affect its earnings much. The preliminary injunction enjoins the company’s Chinese subsidiaries from manufacturing, selling, or importing certain Crucial and Ballistix-branded ...
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