MICRON TECHNOLOGY

HR REPORT

Prepared for Mark Saenz

By Mariano del Rio
OVERVIEW
History

Micron's journey began in 1978 as a four-person semiconductor design company in the basement of a
Boise, Idaho dental office. By 1980, we had broken ground on our first fabrication plant, and shortly
after, we introduced the world's smallest 256K DRAM. In 1994, we earned a coveted spot on the
Fortune 500 list. Through our relentless pursuit of technology innovations, key partnerships, and
strategic acquisitions worldwide, we have steadily grown into an industry leader 1.

Milestones 2023
In 2023, Micron celebrated its 45th anniversary, marked by pioneering achievements and strategic
expansions. Introducing the industry's first 8-high 24GB HBM3E memory, Micron showcased its
technical prowess and commitment to innovation. The announcement of a semiconductor facility in
India underscored its global growth strategy, while a new memory expansion module portfolio aimed
to accelerate CXL 2.0 adoption. Construction began on a cutting-edge manufacturing fab in Boise,
emphasizing Micron's dedication to advancing semiconductor technology. These milestones reaffirmed
Micron's position as a leader in the field, setting the stage for continued success and innovation 2.

Contact Information
Address8000 South Federal Way, Boise, 83716-9632, United States

Phone208 368 4000

Webwww.micron.com

Annual report link: https://bit.ly/3TNModz

1
https://www.micron.com/about#:~:text=Micron%20began%20in%201978%20as,the%20world's%20smallest%20256K%20DRAM .
2
https://www.micron.com/about/company/company-timeline.
Micron Technology in the Global Industry
What MICRON does?
Micron Technology, Inc. is a global leader in designing, developing, manufacturing, and distributing
memory and storage products. With operations spanning worldwide, the company operates through
four key segments:

1. Compute and Networking Business Unit,

2. Mobile Business Unit,
3. Embedded Business Unit,
4. Storage Business Unit.

Micron offers a comprehensive range of memory and storage technologies, including dynamic random-
access memory (DRAM) semiconductor devices known for low latency and high-speed data retrieval, as
well as non-volatile and re-writable semiconductor storage devices under the Micron and Crucial brands,
among others. These products cater to various markets, including cloud servers, enterprise solutions,
client devices, graphics, networking, industrial applications, and automotive sectors, as well as mobile
devices such as smartphones.

In addition to memory products, Micron provides solid-state drives (SSDs) and component-level
solutions tailored for enterprise and cloud, client, and consumer storage needs. The company also offers
discrete storage products and memory solutions for automotive, industrial, and consumer markets.

Micron distributes its products through various channels, including direct sales, independent
representatives, distributors, retailers, and web-based customer direct sales channels. Through strategic
partnerships and an extensive distribution network, Micron continues to deliver cutting-edge memory
and storage solutions to meet the evolving needs of diverse markets3.

MICRON strategy in the semiconductor industry

Micron operates its manufacturing processes through a combination of wholly owned facilities and
subcontractors. This strategy allows for flexibility and scalability in production while maintaining
stringent quality control standards.

Their global network of manufacturing centers of excellence serves as hubs for innovation and
collaboration, bringing together experts from various fields such as research and development, product
engineering, human resources, procurement, and supply chain management. These centers streamline
operations, enhance efficiency, and facilitate quicker cycle times in the manufacturing process. In
locations like Singapore and Taiwan, Micron integrates both fabrication and back-end manufacturing
processes, optimizing efficiency and resource utilization.

The competitive landscape in the semiconductor memory and storage markets demands constant
innovation and cost management, by prioritizing innovation, cost efficiency, and market responsiveness,
Micron strives to maintain its competitive edge and drive sustainable growth in the industry4.

3
globally.https://investing.com/equities/micron-tech.
4
Micron Technology Annual Report 2023, Published: October 6th, 2023.
Micron’s Global Presence

Micron Technology Annual Report

2023, Published: October 6th, 2023.

Micron Technology Annual Report 2023, Published: October 6th, 2023.

Subsidiaries:
Micron entities5:

 Micron Technology, Inc.  Micron Semiconductor Australia Pty

 Micron Europe Limited Limited
 Micron Semiconductor Products, Inc.  Micron Semiconductor for India Private
 Micron Consumer Products Group, Inc. Limited
 Micron Technology Asia Pacific, Inc.  Micron Customs Brokerage Services,
 Micron Technology Belgium BVBA Inc.
 Elements Properties, LLC  Keystone Technology Solutions, LLC
 Technology No. 3, LLC  Micron Lehi Development, LLC
 Micron Federal Systems, Inc.  Micron Japan Ltd.
 Micron Technology Services, Inc.  Micron Semiconductor International,
 Micron Technology Texas, LLC Ltd.
 Tidal Systems Ltd.  Micron Technology Canada, Inc.
 Micron Semiconductor Korea Co., Ltd.  Ovonyx, Inc.
 Micron Technology Canada, Inc.  Micron Asia Pacific, LLC

5
https://www.micron.com/Privacy/micron-entities
Competition
Market’s landscape
Micron operates within the highly competitive semiconductor memory and storage markets.
Competition often entails aggressive pricing strategies aimed at securing market share.

Some competitors, particularly large corporations or conglomerates, possess greater market share and
resources, enabling them to invest more substantially in technology, capitalize on growth opportunities,
and weather market downturns.

Operating across different jurisdictions exposes Micron to the risk of unfavorable currency exchange
rate fluctuations. Additionally, government interventions, such as financial assistance to competitors or
support for national industries, can impact market dynamics. Notably, significant investments by the
Chinese government in companies like Yangtze Memory Technologies Co., Ltd. and ChangXin Memory
Technologies, Inc. pose increased competition threats. Decisions like China's Cyberspace
Administration's restriction on critical information infrastructure operators purchasing Micron products
affect Micron's competitiveness in key markets, including China.

Then there's the issue of surplus supply. Micron and its competitors work to improve production
efficiency by making more wafers, boosting yields, and shrinking die size. But sometimes, when there's
too much capacity, the companies end up with more supply than demand, causing supply surpluses 6.

https://us.metoree.com/categories/5276/#manufacturers

6
Micron Technology Annual Report 2023, Published: October 6th, 2023.
Competitors:
Micron is the 4th company in the industry. This is the industry rank7:

Rank Company % of the market

1 PATRIOT MEMORY, INC 29.2%
2 Crucial 10.7%
3 Kingston Technology Company, Inc. 10.4%
4 Micron 9.2%
5 Analog Devices, Inc. 8.3%
6 Rochester Electronics 5.1%
7 Intelligent Memory Limited 4.8%
8 Twilight Technology, Inc. 4.2%
9 Alliance Memory, Inc 4.2%
10 Samsung Semiconductor 3.9%

Micron's four more important competitors are8:

1- PATRIOT MEMORY, INC

Founded in the United States in 1985, is manufacturer of a high-performance memory and storage
products and solutions, streamlining users and technologies of data applications for different verticals.
The company's product portfolio includes high-speed flash storage solutions, ideal for embedded
systems, data centers, and consumer electronics, and a wide range of memory modules, including DDR4,
DDR5, and LPDDR4, with varying capacities to cater to diverse computing needs. The company has sales
offices located throughout the U.S., Europe, and Asia.2 - Kingston Technology Company, Inc.

2- Crucial

Crucial is the company that Micron uses to commercialize its products.

3- Kingston

Established in 1987 in California, the company produces RAM for Desktop PCs, laptops, or servers and
Solid-State Drives (SSDs) for the same along with USB flash drives that provide mobile storage and are
available in encrypted and standard security formats. There are also SD and microSD flash memory cards
and Readers embedded in NAND and DRAM solutions and components for industrial-level electronic
manufacturing and they also provide storage solutions to Data centers, cloud services, edge computing,
and the Internet of Things (IoT).

7
https://us.metoree.com/categories/5276/#manufacturers.
8
https://us.metoree.com/categories/5276/#manufacturers.
MICRON in numbers

Revenue for the quarter ending November 30 2023, was $4.726B, a 15.69% increase year-over-year.

Annual revenue for 2023 was $15.54B, a 49.48% decline from 2022.

For 2024, we currently lack data. However, MICRON is experiencing a positive moment in the stock
market, as evident from the graph provided9.

https://www.investing.com/equities/micron-tech

Other relevant information:

136 ranked in the Fortune 500.

54,000 patents granted and growing.
17 countries.
11 manufacturing sites and 16 customed labs.
43,000 team members.

9
https://bit.ly/3Pnv789.
Company objectives and goals:
Company Mission, Vision, and Values:

Specific objectives related to human resources:

As of August 31, 2023, Micron has approximately 43,000 employees located in the following regions:

MICRON Diversity and inclusion report.10

10
https://www.micron.com/content/dam/micron/global/public/documents/about/diversity-and-inclusion/2023-diversity-and-
inclusion-report.pdf
Micron prioritizes Diversity, Equity, and Inclusion (DEI) as integral to its culture and success.

https://www.micron.com/about/environmental-social-governance/diversity-equality-inclusion

Talent Acquisition, Development, and Engagement

Finding and retaining the best and brightest people in an extremely competitive industry environment is
a strategic imperative for our business. We partner with our communities, institutions, governments,
and associations to expand the pipeline of diverse, highly skilled STEM talent globally. Our partnerships
with K-12 and post-secondary education systems are key to training and inspiring the next generation to
consider STEM careers in the semiconductor industry. We use AI to reduce or eliminate the potential for
bias from resumes, allowing us to focus on individual merit over personal characteristics. We are
committed to developing team members at all stages of their careers, including on-the-job training,
continuing education, a robust mentoring program, and numerous internal certifications and training. In
addition, we develop and accelerate our leaders’ careers through targeted learning that helps them
move to higher-level positions or across functions.
We use a research-based, people-centric approach to understanding and improving team member
engagement. Periodically, we invite all team members to participate in our internal engagement survey,
which covers questions that measure and provide insight into three driving factors
Compensation and Benefits
Our compensation programs are designed to support our team members’ financial and personal
wellbeing by providing a valuable return for their contributions to the company. Our total compensation
strategy includes base salary, annual bonuses, equity awards, a discounted stock purchase plan, and a
comprehensive benefits package.
Diversity, Equality, and Inclusion
We have five diversity, equality, and inclusion (“DEI”) commitments that serve as the roadmap of our
DEI work internally, within our industry, and in the community at large. To hold ourselves accountable,
each commitment is assigned an executive sponsor who is responsible for its strategy and execution.
Our five DEI commitments are summarized as follows:
• Increase representation of underrepresented groups
• Drive equitable pay and inclusive benefits
• Champion advocacy and strengthen our culture of inclusion
• Engage with diverse financial institutions for cash management
• Increase diverse supplier representation and spending
We have a regular review of pay globally, including base pay and stock awards, to drive compensation
equitably. In 2023, due to challenging industry conditions, base pay increases were suspended, however
we achieved global pay equity for all underrepresented employees in compensation across bonuses and
stock rewards. In 2022 and 2021, we achieved comprehensive global pay equity for all employees in
total compensation across base pay, bonuses, and stock rewards. A pay equity analysis will be
conducted in 2024 with our base pay merit review. We also continually assess our global leave, medical,
and financial benefits to ensure inclusiveness. In addition, a portion of our company-wide annual bonus
program is based on the achievement of DEI-related goals.

Organizational chart:
(CEO, HR, CHRO, VP of Talent Acquisition, VP of Talent Management, VP of Talent
Transformation, CIO)

Job Name & LinkedIn Account

position Lastnam
e

Preside Sanjay https://www.linkedin.com/in/sanjay-mehrotra/

nt and Mehrotra
Chief
Executi
ve
Officer

Executi April https://www.linkedin.com/in/aprilarnzen/

ve Vice Arnzen
Preside
nt and
Chief
People
Officer

VP, Cher https://www.linkedin.com/in/cher-whee-sim/?originalSubdomain=sg

Global Whee
Talent Sim
Acquisit
ion and
Talent
Mobility

Senior Himansh https://www.linkedin.com/in/himanshunanda/

Manag u Nanda
er,
Global
Talent
Acquisit
ion

Chief Anand https://www.linkedin.com/in/anand-bahl-9847558/

Informa Bahl
tion
Officer,
CVP

Corpor Scott https://www.linkedin.com/in/scott-gatzemeier-mba-3186b512/

ate Gatzeme
Vice ier
Preside
nt,
Front
End US
Expans
ion

VP, Athar https://www.linkedin.com/in/athar-siddiqee-a12a69b/

Total Siddiqee
Reword
s

Country Komathi https://www.linkedin.com/in/komathi-thannimalay-98b6b69b/?

Lead Thannim original_referer=https%3A%2F%2Fwww%2Egoogle%2Ecom
Senior alay %2F&originalSubdomain=my
Manag
er,
Talent
Acquisit
ion

Global Pinaki https://www.linkedin.com/in/pinaki-chakraborty-6b40509/?

Human Chakrab originalSubdomain=sg
Resour orty
ces
Busine
ss
Partner

China Emily Li https://www.linkedin.com/in/emily-li-65641513/?originalSubdomain=cn

Talent
Acquisit
ion
Manag
er