Micron Technology Inc. is a producer of semiconductor devices that was established in 1978. Its shares are traded under the symbol #MU. Micron Technology is an American transnational company. The lion's share of its products is DRAM and NAND memory chips, flash memory, SDD storage devices, and CMOS sensors. Four years ago Micron Technology purchased its Japanese competitor Elpida thus becoming the second biggest producer of DDR3 memory chips.
This company is one of the leading and oldest providers of advanced semiconductor solutions. Micron Technology Inc. is ranked among the top companies in the technology sector. Some experts think that its success greatly depends on the demand for diversified portfolio of semiconductor products. Currently, this demand is growing. Besides, Micron Technology increases its profits thanks to a rapid progress of innovative technologies and effective investments into research and development.
Ordinary shares of Micron Technology were listed on the NASDAQ stock exchange under the MU symbol in 2014. At that time 1,073,455,204 of ordinary shares were issued and introduced into circulation. In November 2014 the closing price of the company’s shares was $33.21. In 2014 the company yielded the operating profit of $3.087 billion while the net profit was $11.573 billion. The company’s turnover for the reported period was $16.358 billion. The equity capital of Micron Technology Inc. is $11,573,000,000.