Micron Technology, Inc. (NASDAQ: MU) is an American multinational corporation based in Boise, Idaho, USA, best known for producing many forms of semiconductor devices. This includes DRAM, SDRAM, flash memory, SSD and CMOS image sensing chips. Consumers may be more familiar with its new consumer brand Crucial Technology and retail subsidiary Lexar Media. Micron Technology is among the worldwide top 20 semiconductor sales leaders. Micron and Intel together created IM Flash Technologies, which produces NAND flash memory. Micron was founded in Boise, Idaho, in 1978 by Ward Parkinson, Joe Parkinson, Dennis Wilson, and Doug Pitman as a semiconductor design consulting company. Startup funding was provided by local Idaho businessmen Tom Nicholson, Allen Noble, and Ron Yanke. Later it received funding from Idaho billionaire J. R. Simplot, whose fortune was made in the potato business. In 1981, its first wafer fabrication unit (Fab 1) with 50,000 square feet (4,600 m) of space was completed and Micron started producing 64K DRAM chips. A second fab was completed in late 1984 to produce 256K DRAM chips. By focusing on being a low-cost producer, Micron survived numerous collapses in the DRAM
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