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BOISE, Idaho, Aug. 08, 2017 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq:MU) today introduced Micron® 9200 Series of NVMe™ SSDs, the company’s latest flagship performance solid-state storage family. The innovative architecture and industry leading performance of Micron 9200 SSDs allows organizations to access data faster and stay one step ahead of the growing diversity of business-critical workloads and surging data demands. The new Micron 9200 SSD combines the cost-effective capacity of 3D NAND with the proven throughput and response time of the NVM Express (NVMe) protocol. Built from the ground up to remove legacy layers of hard drive interfaces, Micron’s second generation of NVMe drives unleashes the speed of solid state nonvolatile memory to maximize data center efficiency for optimal total cost of ownership (TCO). “The Micron 9200 Series of NVMe SSDs are specially designed to deliver the blazing fast speeds, low-latency, and high-capacity needed to handle massive files, images and multimedia assets created by today’s complex application workloads,” said Eric Endebrock, vice president SSD and Systems, Storage Business Unit, Micron Technology, Inc. “With the Micron 9200 SSDs added to our SSD playbook, we are providing customers a rich portfolio of storage solutions to manage their changing business needs.” The capacity and performance of Micron 9200 SSDs enables data centers to store more, do more and know more about their data. Innovative architecture combining NVMe protocols on a PCIe connection enables the Micron 9200 SSD to deliver fast enterprise flash performance — up to 10X faster than the typical SATA SSDs on the market — while conserving power and rack space with its 3D NAND high-density storage.i Moreover, the Micron 9200 is one of the first NVMe SSDs on the market with a capacity exceeding 10TB, meeting the needs of even the most storage-hungry use cases at an attractive cost per gigabyte. “NVMe reduces I/O overhead by extending the number of simultaneous storage commands that a single drive can execute,” said Matt Kimball, Senior Analyst, Servers and Storage for Moor Insights & Strategy. “What has slowed its market acceptance has been the price point and reliability of the technology. Technologies like those from Micron show promise in removing those barriers, which would be a significant step forward in reducing I/O latency for memory intensive workloads.” Meet Your Workloads Head On Today’s business is becoming ever more complicated, requiring faster decision-making and analysis of ever-larger data sets to remain competitive. As a result, there is a growing emphasis on denser datacenters, ensuring reliability and data persistence, and scaling storage infrastructure up and out without adding latency. For those organizations with high-capacity and high-performance data needs, solid-state storage technologies like 3D NAND and NVM Express™ provide the technology foundation for next-level enterprise IT. Blending the best of these technologies for enterprise storage, Micron 9200 SSDs are ideal for such high-performance, high-capacity use cases as application/ database acceleration, OLTP, high frequency trading (HFT), and high performance computing (HPC). For example, when compared against the nearest competitor in terms of capacity and performance in an OLTP database workload, the Micron 11TB 9200 ECO SSD, was 45% faster and had more than twice the capacity. The Micron 9200 SSD family is designed as the storage foundation for the Micron SolidScale™ platform, providing greater capacity for more efficient workload optimization and reducing TCO. With the 9200, SolidScale will be capable of over 250TB per node, scaling over 5PB per rack of the highest performance NVMe SSD available in shared storage today. These new high-performance NVMe drives accelerate applications and breathe new life and agility into aging infrastructures, delivering key capabilities for today’s enterprise: Micron 9200 SSDs are expected to be generally available at the end of August 2017 from leading distributors. For more information visit https://www.micron.com/products/solid-state-storage/product-lines/9200. About Micron Micron Technology is a world leader in innovative memory solutions. Through our global brands — Micron, Crucial®, Lexar® and Ballistix® — our broad portfolio of high-performance memory technologies, including DRAM, NAND, NOR Flash and 3D XPoint™ memory, is transforming how the world uses information. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer, enterprise storage, data center, mobile, embedded and automotive applications. Micron's common stock is traded on the Nasdaq under the MU symbol. To learn more about Micron Technology, Inc., visit micron.com. i 9200 is rated at 900K IOPS based on 100% Random 4KB Read Performance and compared with public available datasheet information for Tier-1 Data Center SATA SSDs showing an average 85K IOPS, as of the time of this writing 1 **Hard drive price used is the average of the first three prices taken from www.froogle.com for new, open market products that are not OEM or refurbished, and are new in every way. SSD price used is the Micron list price in units of one. All prices were taken as of the time of this writing. All IOPS data collected from publicly available datasheets as of the time of this writing.


News Article | June 26, 2017
Site: globenewswire.com

BOISE, Idaho, June 26, 2017 (GLOBE NEWSWIRE) -- Micron Technology, Inc., (Nasdaq:MU) today announced the appointment of Jeff VerHeul as senior vice president, Non-Volatile Engineering, reporting to Sanjay Mehrotra, Micron president and CEO. VerHeul most recently was senior vice president, Corporate Engineering at SanDisk, where he was responsible for developing a broad array of flash products.  VerHeul’s new role will drive greater focus on solid state drives (SSDs) and other value-added solutions based on Micron’s non-volatile memory technology to address the growing opportunity for these solutions in large market segments like cloud, enterprise, client and mobile. VerHeul is a 36-year semiconductor industry veteran with deep and broad semiconductor knowledge and experience. He brings a unique combination of business acumen, technical understanding and systems development gained as an executive at leading technology companies including AMD, IBM, and SanDisk. “We are excited to welcome Jeff to the team and look forward to him driving execution of our non-volatile memory product roadmap,” said Sanjay Mehrotra, Micron president and CEO. Brian Shirley will continue to lead the DRAM engineering teams as senior vice president, DRAM and emerging memory engineering, also reporting to Mehrotra. Additional career information on Jeff VerHeul is available at http://www.micron.com/media. About Micron Micron Technology is a world leader in innovative memory solutions. Through our global brands — Micron, Crucial®, Lexar® and Ballistix® — our broad portfolio of high-performance memory technologies, including DRAM, NAND, NOR Flash and 3D XPoint™ memory, is transforming how the world uses information. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer, enterprise storage, data center, mobile, embedded and automotive applications. Micron's common stock is traded on the Nasdaq under the MU symbol. To learn more about Micron Technology, Inc., visit micron.com. The Micron logo and Micron symbol are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.


News Article | June 22, 2017
Site: globenewswire.com

BOISE, Idaho, June 22, 2017 (GLOBE NEWSWIRE) -- Micron Technology, Inc., (Nasdaq:MU) today announced that the company has appointed Sumit Sadana as executive vice president and chief business officer. His addition to the executive team will accelerate the company’s ability to execute on its strategic goals. In this role, all four business units of the company will report to Sadana. In addition, he will have responsibility for driving corporate strategy and business development for the company. He will report to Sanjay Mehrotra, Micron’s president and CEO. Sadana has 26 years of experience in the semiconductor industry, including executive roles at IBM and Freescale Semiconductor, and served most recently as executive vice president, chief strategy officer and general manager, Enterprise Solutions at SanDisk. The new integrated business and strategy organization aims to provide an agile structure to anticipate future customer demands and position the company for success. “Sumit is a seasoned business leader who brings an exceptional track record of growing revenue and improving operating performance at leading technology companies,” said Sanjay Mehrotra, president and CEO of Micron Technology. “We are excited to welcome Sumit to the leadership team, and look forward to his immediate contributions.” Sadana holds a master’s degree in electrical engineering from Stanford University. He serves on the boards of Silicon Laboratories (NASDAQ:SLAB) and the Second Harvest Food Bank. Additional career information on Sumit Sadana is available at http://www.micron.com/media. About Micron Micron Technology is a world leader in innovative memory solutions. Through our global brands — Micron, Crucial®, Lexar® and Ballistix® — our broad portfolio of high-performance memory technologies, including DRAM, NAND, NOR Flash and 3D XPoint™ memory, is transforming how the world uses information. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer, enterprise storage, data center, mobile, embedded and automotive applications. Micron's common stock is traded on the Nasdaq under the MU symbol. To learn more about Micron Technology, Inc., visit micron.com. The Micron logo and Micron symbol are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.


News Article | April 27, 2017
Site: globenewswire.com

BOISE, Idaho, April 27, 2017 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) announced today that the board of directors has appointed Sanjay Mehrotra as president and chief executive officer and a member of the board of directors, effective May 8, 2017. Mehrotra succeeds Mark Durcan and joins Micron at a time of increasing opportunity for memory and storage technologies and solutions as the key enablers for the next-generation of computing architectures.  “Sanjay has an outstanding track record of business success and exceptional knowledge of the memory and storage industry,” said Robert E. Switz, chairman of the board of directors and a member of the CEO selection committee. “His experience in markets ranging from consumer to enterprise make him uniquely qualified to lead Micron into the future.” Mehrotra was a co-founder of SanDisk and served as its president and CEO from 2011 to 2016. He drove the growth of the company from a start-up in 1988 to an industry-leading Fortune 500 company with revenues that reached $6.6 billion, and ultimately culminated in a sale for $16 billion to Western Digital Corporation in 2016. His team pioneered a diversified and comprehensive portfolio of flash storage solutions that included removable products, embedded mobile solutions, client and enterprise solid state drives and innovative enterprise system solutions. He also initiated and guided a highly successful 17-year joint venture partnership with Toshiba in NAND Flash memory technology development and manufacturing.  In addition, he established and ran key manufacturing operations in China, Taiwan, Japan and Malaysia. “Innovation in memory and storage technology is enabling new products, improved customer experience and growth across multiple markets,” said Mehrotra. “Micron is at the forefront of driving these innovations, and I am thrilled to have the opportunity to lead such a talented global team.” Durcan will step down as CEO and from the Micron board of directors effective May 8, 2017, but will serve as an advisor to the company until early August. “Mark has made an immense contribution to Micron and to the semiconductor industry at large over his 32 years at the company and 5 years as CEO,” noted Switz. “We wish him all the best in his future endeavors.” Additional career information on Sanjay Mehrotra is available at http://www.micron.com/media. About Micron Micron Technology is a world leader in innovative memory solutions. Through our global brands — Micron, Crucial®, Lexar® and Ballistix® — our broad portfolio of high-performance memory technologies, including DRAM, NAND, NOR Flash and 3D XPoint™ memory, is transforming how the world uses information. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer, enterprise storage, data center, mobile, embedded and automotive applications. Micron's common stock is traded on the Nasdaq under the MU symbol. To learn more about Micron Technology, Inc., visit micron.com. The Micron logo and Micron symbol are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.


News Article | September 12, 2017
Site: globenewswire.com

SAN FRANCISCO, Sept. 12, 2017 (GLOBE NEWSWIRE) -- MOBILE WORLD CONGRESS (MWC) AMERICAS -- Autonomous vehicles require safe, secure and highly-responsive solutions, relying on split second decisions powered by enormous amounts of data. To quickly analyze the data necessary for future autonomous vehicles, higher bandwidth memory and storage solutions are required. By 2020, the storage requirements of the connected vehicle could reach 1 terabyte.  Memory system bandwidths of 300 gigabytes per second (GB/s) and beyond will be required to power full autonomous driving. As the memory and storage market leader in automotive, Micron (Nasdaq:MU) is uniquely positioned to help accelerate the industry’s pace of innovation. Autonomous driving, AI and machine learning are rapidly converging in tomorrow’s vehicles, which will become the ultimate Internet of Things and edge computing devices. While cloud connectivity in modern vehicles creates new service opportunities, it also creates security management challenges and vulnerability concerns. Media panel with industry leaders During a press panel on the eve of MWC Americas, Micron and key industry partners discussed the technologies and solutions that will become increasingly critical enablers for the next wave of intelligent vehicles in the automotive sector.  Watch the replay here: https://www.youtube.com/user/MicronTechnology About Micron Micron Technology is a world leader in innovative memory solutions. Through our global brands – Micron, Crucial® and Ballistix® - our broad portfolio of high-performance memory technologies, including DRAM, NAND, NOR Flash and 3D XPoint™ memory, is transforming how the world uses information. Backed by more than 35 years of technology leadership, Micron’s memory solutions enable the world’s most innovative computing, consumer, enterprise storage, data center, mobile, embedded, and automotive applications. Micron’s common stock is traded on the Nasdaq under the MU symbol. To learn more about Micron Technology, Inc., visit micron.com. Micron and the Micron orbit logo are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.


News Article | December 13, 2016
Site: globenewswire.com

BOISE, ID and GLASGOW, UK, Dec. 13, 2016 (GLOBE NEWSWIRE) -- Crucial, a leading global brand of memory and storage upgrades, today announced the availability of its latest DDR4 server DIMMs. With speeds of 2666 MT/s, new Crucial® DDR4 server memory modules allow for increased performance and bandwidth within data centres and hyperscale environments. They are also available in a variety of server module types and densities ranging from 8GB to 64GB. New Crucial 2666 MT/s 8Gb-based server memory modules are approximately 11 percent faster than the previously released 2400 MT/s DIMMs. Additionally, the newly expanded portfolio of Crucial server memory will support cloud and enterprise environments that are migrating to next-generation Intel server platforms. “Improving system performance in the data centre is one of many priorities organisations are looking to address as the need to meet ever-increasing and more demanding workloads evolves,” said Michael Moreland, Crucial Server DRAM Product Marketing Manager. “Crucial’s new 2666MT/s server modules can help datacentre and hyperscale customers reduce performance burdens by using faster memory to help advance the efficiencies of their server systems.” The new modules are available for purchase at www.crucial.com and through select global partners. All Crucial memory is backed by a limited lifetime warranty. For more information about Crucial server memory offerings, visit www.crucial.com/memory-server. About Crucial  Crucial is a global brand of Micron Technology, Inc. Crucial solid state drives (SSDs) and memory (DRAM) upgrades are compatible with over 100,000 new and old desktops, laptops, workstations, and servers. Available worldwide at leading retail and e-tail stores, commercial resellers, and system integrators, Crucial products enhance system performance and user productivity. Learn more at crucial.com. About Micron Micron Technology, Inc. is a global leader in semiconductor systems. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages, and other system solutions. Backed by more than 37 years of technology leadership, Micron’s memory solutions enable the world’s most innovative computing, consumer, enterprise storage, networking, mobile, embedded and automotive applications. Micron’s common stock is traded on the NASDAQ under the MU symbol. To learn more about Micron Technology, Inc., visit micron.com. Limited lifetime warranty valid everywhere except Germany, where warranty is valid for 10 years from date of purchase. i Product performance and efficiency improvements are noted as comparisons between 8Gb-based 16GB DDR4 RDIMMs and 4Gb-based 16GB DDR4 RDIMMs. ©2016 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Neither Crucial nor Micron Technology, Inc. is responsible for omissions or errors in typography or photography. Micron, the Micron logo, Crucial, and the Crucial logo are trademarks or registered trademarks of Micron Technology, Inc. All other brand or product names are trademarks or registered trademarks of their respective holders.


News Article | July 13, 2016
Site: www.realwire.com

Slow-loading web pages, apps, and files lead to the most frustration – and lost productivity Boise, ID, and Glasgow, UK – Brits’ patience with technology lasts 60 seconds on average before we lose our temper, according to new research from Crucial, the memory and storage experts. Crucial surveyed 2,000 Brits and revealed that slow technology frustrates Brits on a regular basis, with one in five (21%) having a temper tantrum once a week, a further fifth (19%) throwing tantrums every couple of days, and 7% kicking off over slow technology every few hours. And when slow technology does strike, it takes us 60 seconds on average before we lose our temper. However, some Brits lose their patience even quicker, with 32% saying they lose patience with slow technology after just 30 seconds. Belfast, Sheffield and London emerged as the most impatient cities, whose patience with slow technology lasted an average of 54 seconds, while Aberdeen, Southampton and York were revealed as the most patient, willing to wait at least 70 seconds. Among the cited causes of tech temper tantrums, slow internet (50%), frozen computers (47%) and slow computers (40%) come out top on the frustration list. The data highlights the struggle Brits have with slow computers, something that can sap efficiency and be very time consuming. While there is no one single reason cited for a PC freezing, almost half (46%) of respondents said that opening web pages caused their PC to freeze. Other causes include opening programmes/apps (27%), opening files (21%), loading videos (17%) and when saving down an important file (12%). In addition to getting frustrated with slow technology, Crucial also found that Brits lose valuable time while waiting for their PC to unfreeze, with a third (32%) deciding to take a toilet break and a further 29% taking the opportunity to make a hot drink. Over one in five Brits (21%) don't utilise the time at all, instead spacing out and staring at nothing. Once their PC has recovered, 12% of Brits forget what they were doing, 40% postponed what they were doing until later and 32% chose to work on something else. Jonathan Weech, Crucial SSD Sr. Product Line Manager, commented “The time spent waiting on a slow computer is frustrating and it eventually adds up. Considering that the average Brit not only loses valuable time waiting for their PC to start functioning again, but also ends up being distracted and not returning to their tasks points to a critical efficiency issue when it comes to finishing jobs.” He continues, “Time spent waiting for your PC to unfreeze is one thing, but if we add up the time spent doing other tasks in the meantime, this is a huge slowdown of productivity. It’s easy to diagnose the problem, for example, if you have lots of heat and noise coming from your computer and it takes a long time to start or load apps, you’ve usually got a storage related problem with your hard drive. However, if your PC frequently suffers from the dreaded spinning hourglass of death or struggles to run more than one application at a time, then your PC most likely has a memory deficiency.” Jeremy Mortenson, Crucial DRAM Sr. Product Marketing Manager, added, “Anyone who owns a computer has at some point had to deal with it slowing down. It’s a familiar problem, but how do you solve it? A simple DRAM or SSD upgrade is the best option to relieve a great deal of your daily tech frustrations and get your PC back up to speed. This, together with additional strategies such as a PC spring clean can help, which involves getting rid of unwanted programmes, uninstalling pre-installed unused apps, clearing your browser cache and limiting the amount of applications that run when turning your PC on will have your PC functioning as good as new.” About Crucial Crucial is a global brand of Micron Technology, Inc. Crucial solid state drives (SSDs) and memory (DRAM) upgrades are compatible with over 100,000 new and old desktops, laptops, workstations, and servers. Available worldwide at leading retail and e-tail stores, commercial resellers, and system integrators, Crucial products enhance system performance and user productivity. Learn more at Crucial.com. About Micron Micron Technology, Inc., is a global leader in semiconductor systems. Micron’s broad portfolio of high-performance memory technologies — including DRAM, NAND, and NOR Flash — is the basis for solid state drives, modules, multichip packages, and other system solutions. Backed by more than 37 years of technology leadership, Micron’s memory solutions enable the world’s most innovative computing, consumer, enterprise storage, networking, mobile, embedded, and automotive applications. Micron’s common stock is traded on the NASDAQ under the MU symbol. To learn more about Micron Technology, Inc., visit micron.com.


News Article | February 27, 2017
Site: globenewswire.com

MILPITAS, Calif., Feb. 27, 2017 (GLOBE NEWSWIRE) -- Lexar, a leading global brand of flash memory products, today announced the new 256GB capacity Lexar® Professional 1000x microSDXC™ UHS-II (U3) memory card. Designed for sports camcorders, tablets, and smartphones, the Professional 1000x microSDXC UHS-II card has read transfer speeds up to 150MB per second and write speeds up to 90MB/s. The 256GB capacity card is also verified to be compatible with GoPro® cameras. Having completed the ‘Works with GoPro’ verification process, the Lexar Professional 1000x microSD cards completed a rigorous testing process, and are capable of achieving optimal performance and compatibility with GoPro products. “GoPro customers generate a lot of content and crave a seamless recording and playback experience,” said Adam Silver, senior director of accessories and developer solutions at GoPro. “Lexar's new high-capacity card, the 256GB Professional 1000x microSDXC, has been verified by the Works with GoPro program by demonstrating great performance and we are glad to welcome it into the program." The new 256GB card offers the speed and capacity needed for all adventure seekers and adrenaline junkies to capture, transfer, and share more content on the go. With UHS Speed Class 3 (U3), this card is ideal for high-speed capture of extended lengths of 4K, 3D, and 1080p full-HD video. Capable of recording up to 9 hours of 4K video2, this card is also perfect for shooting action with an aerial camera, since they require multiple memory cards for extended use. The new card comes with a microSD™ UHS-II USB 3.0 reader to dramatically accelerate workflow with high-speed file transfer up to 150MB/s3, getting content innovators back to capturing the action faster. The Lexar Professional 1000x microSD cards also make it easy for tablet and smartphone users to quickly and easily download or save media files. With the new 256GB capacity card, users can store more than 36 hours of HD video, 67600 photos or 58100 songs.2 “I use microSD cards in my drones, and the Lexar 256GB Professional 1000x microSD card will enable me to capture large amounts of imagery and high definition video without having to change cards on location. That’s huge!” said Chris McLennan, Lexar Elite and professional travel, wildlife, adventure, and aerial photographer. “I also use Lexar microSD cards in my Android phone as storage for photo and video content. It’s great to be able to show clients previews of workflow and images I’ve captured without having to carry my laptop everywhere.” For versatility, the Lexar Professional 1000x microSD UHS-II cards are backwards compatible with UHS-I devices. All Professional line memory cards include a lifetime copy of downloadable Image Rescue® software to recover most photo and select video files, even if they’ve been erased or the card has been corrupted.4 The cards are backed by expert technical support and come with a limited lifetime warranty. The USB 3.0 reader is backed by a one year limited warranty. The new card capacity will be available in Q1 of 2017 with an MSRP of US$349.99. The Lexar Professional 1000x microSDXC/microSDHC™ cards are also available in the following capacities: 32GB, 64GB, and 128GB. To offer an even broader range of affordable performance options, the 256GB capacity High-Performance 633x microSDXC UHS-I card will move to UHS Speed Class 1 (U1) in Q1 of 2017 with an MSRP of $279.99. High-Performance 633x microSDXC/microSDHC cards are available in 16GB, 32GB, 64GB, 128GB, and 256GB capacities. All Lexar products undergo rigorous testing in the Lexar Quality Labs to ensure performance, quality, compatibility, and reliability with more than 1,200 digital devices. For more information about Lexar products, visit www.lexar.com. About Lexar Lexar is a global brand of Micron Consumer Products Group, Inc., a subsidiary of Micron Technology, Inc., one of the largest memory manufacturers in the world. Lexar products include industry-leading memory cards for photography and video, card readers, storage drives, high-performance USB flash drives, and memory cards for mobile devices. Lexar products are available worldwide at major retail and e-tail stores, and at www.lexar.com. For more information or support, visit www.lexar.com. About Micron Micron Technology, Inc. is one of the world's leading providers of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets a full range of DRAM, NAND and NOR flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products. Micron's common stock is traded on the NASDAQ under the MU symbol. To learn more about Micron Technology, Inc., visit www.micron.com. -------------------------------------------------------------------------------- 1Up to 150MB/s read transfer, write speeds lower. Speeds based on internal testing. Actual performance may vary. x=150KB/s. 2Based on 256GB capacity. 4K @30fps or HD 1080p @15Mbps. 12-megapixel JPEG. 128-kbps MP3 audio. Actual number of hours will vary depending on camera/device model, format resolution and compression, usable capacity, and bundled software. 3Highest transfer speeds achieved only when paired with a microSD UHS-II USB 3.0 reader. 4Image or other data recovery is not 100% guaranteed Limited lifetime warranty is limited to 10 years from purchase in Germany. ©2016 Micron Consumer Products Group, Inc. All rights reserved. Information products, and/or specifications are subject to change without notice. Neither Lexar nor Micron Technology, Inc. is responsible for omissions or errors in typography or photography.  Lexar, the Lexar logo, and Image Rescue are trademarks of Micron Consumer Products Group, Inc. Micron, the Micron logo, and When Memory Matters are trademarks of Micron Technology, Inc. GOPRO is a registered trademark of GoPro, Inc. All other trademarks are the property of their respective owners. Micron Consumer Products Group, Inc. is a subsidiary of Micron Technology, Inc.


BOISE, Idaho, Dec. 15, 2016 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) today announced the creation of the Xccela™ Consortium for semiconductor and electronics companies. The mission of the consortium is to promote the Xccela Bus interface as an open standard for a new type of digital interconnect and data communications bus suitable for volatile and nonvolatile memories as well as other types of integrated circuits. To better highlight the accelerated performance that applications can achieve by using the bus and supported devices, Micron has rebranded its previously announced XTRMFlash™ and XTRMBus™ to Xccela™ Flash and Xccela™ Bus. Micron, Winbond Electronics, GigaDevice Semiconductor, and AP Memory Technology are the initial members of the consortium and will work with other member companies to accelerate the industry efforts to bring a broad set of Xccela Bus compliant memories, controllers, ASICs, SoCs, and other devices to the market. Since the advent of the smart phone, people have become accustomed to graphical user interfaces, instant-on responsiveness, portability, constant connectivity, and much more from their modern day electronic devices. This expectation is becoming the norm as we cram more and more smart electronics into our cars, our living space, and our lives. Meeting the needs of the demanding digital user calls for high performance system buses to accommodate firmware and software execution as well as data processing and storage. Current system bus interfaces often require the tradeoff between performance and footprint, either the high performance of a high pin-count parallel interface or the small active signal footprint of a serial interface. Xccela Bus changes that. The Xccela Bus is the next generation of system buses that combines accelerated performance with a small signal count, the best of both worlds. In its first iteration, the Xccela Bus and its interface can facilitate data transfers up to 400MB/s (3.2Gbps) utilizing just 11 active bus signals, enabling extremely fast data transfers while paving the way for simpler system designs. “The Xccela Bus enables Micron’s Xccela Flash memory to be a disruptive solution that offers the highest level of direct code execution performance in a NOR Flash while having dramatically lower pin counts than that of traditional code execution parallel NOR Flash.  The performance and benefits of Xccela Flash has garnered much excitement across automotive, industrial multimarket, consumer, and networking segments,” stated Richard De Caro, director of NOR Flash for Micron’s Embedded Business Unit. “In order to proliferate this game changing new interface and level of performance, and to benefit the semiconductor industry as a whole, Micron is making the Xccela Bus interface an open standard.” “Winbond is excited to be part of the Xccela Consortium. We are eager to develop memory devices that will take advantage of the extreme performance and low pin count of the Xccela Bus,” said Syed S. Hussain, director Flash Memory Marketing for Winbond Electronics Corporation America. “An open Xccela Bus interface standard reduces time and money for research and development so that a broad range of host and slave devices compliant with the specification can be delivered more quickly to customers. “ “We are seeing a need for increasing the bandwidth performance of Non-Volatile Memory (NVM) devices for a new generation of applications. The Xccela Bus interface rises up to the challenge by delivering more than 4-5x the bandwidth of a Quad SPI device while maintaining a small footprint.” Said Mike Chen, Senior Director of Technical Marketing of GigaDevice Semiconductor. “We are delighted to be part of the Xccela Consortium to help drive a standard Octal SPI interface for the semiconductor industry.” “Octal PSRAM enabled by the Xccela Bus interface provides a low-pin-count alternative to standard PSRAM and Low-Power SDR/DDR DRAM. It offers 3-5x fewer signal pins at comparable performance with lower overall cost, and represents a paradigm shift in the low-density RAM market.” said Charles Chang, Director of Sales and Marketing, AP Memory. “A single Xccela Bus supporting NOR flash memory, PSRAM, and NOR/PSRAM MCPs presents a more elegant design option and a strong value proposition, especially in the diverse IoT universe. AP Memory is committed to the Xccela Bus interface.” The Xccela Consortium is open to all adopters, including semiconductor and electronics companies. Members have access to the initial specifications and can participate in the future specification definition and development. Visit the Xccela Consortium website for more details or contact Micron for additional information. Micron Technology, Inc. is a global leader in advanced semiconductor memory systems.  Micron's broad portfolio of high-performance technologies—including DRAM, NAND and NOR Flash—is the basis for solid state drives, modules, multichip packages and other system solutions.  Backed by more than 35 years of technology leadership, Micron's memory solutions portfolio enables the world's most innovative computing, consumer, enterprise storage, networking, mobile, embedded and automotive applications. Micron's common stock is traded on the NASDAQ under the MU symbol.  To learn more about Micron Technology, Inc., visit www.micron.com. ©2016 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice.  All information is provided on an “AS IS” basis without warranties of any kind. Drawings may not be to scale.  Micron, the Micron logo, Xccela and all other Micron trademarks are the property of Micron Technology, Inc.  All other trademarks are the property of their respective owners.


News Article | December 6, 2016
Site: globenewswire.com

BOISE, Idaho, Dec. 06, 2016 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU) today announced that it has completed the acquisition of Inotera Memories, Inc. Micron acquired all of Inotera’s outstanding shares for consideration worth 30 New Taiwan Dollars per share or approximately $0.94 USD per share. This represents a transaction value of approximately $4.0 billion, net of cash and debt at Inotera, to acquire the equity not already owned by Micron. “We are excited to finalize the Inotera acquisition which will generate significant financial and strategic benefits for the company,” said Micron CEO Mark Durcan. “We expect immediate accretion to DRAM gross margins, earnings per share and free cash flow along with enhanced operational efficiency as we align Inotera with our global manufacturing operations.” About Micron Micron Technology, Inc., is a global leader in advanced semiconductor systems. Micron’s broad portfolio of high-performance memory technologies—including DRAM, NAND and NOR Flash—is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, Micron’s memory solutions enable the world’s most innovative computing, consumer, enterprise storage, networking, mobile, embedded and automotive applications. Micron’s common stock is traded on the NASDAQ under the MU symbol. To learn more about Micron Technology, Inc., visit www.micron.com. Micron and the Micron orbit logo are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners. This press release contains forward-looking statements regarding future events that involve risks and uncertainties. For example, statements related financial and strategic benefits, the accretive nature of the transaction, and enhanced operational efficiency are forward looking statements. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially, including: uncertainty of the expected financial performance of the combined operations following completion of the transaction; the ability to successfully integrate Inotera’s operations and employees; the ability to realize anticipated synergies and cost savings; unexpected costs, charges or expenses resulting from the transaction; as well as other risks and uncertainties identified in our Annual Report for the year ended September 3, 2016, filed on Form 10-K with the Securities and Exchange Commission. The forward-looking statements speak only as of the date of this report and undue reliance should not be placed on these statements. The Company disclaims any obligation to update any forward-looking statements as a result of new information, future events or otherwise.

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