Micron Technology Files 8-K Report

TL;DR

MU filed a standard 8-K, no new news.

AI Summary

On April 17, 2024, Micron Technology, Inc. filed an 8-K report to disclose information under Regulation FD. The filing does not contain specific financial figures or material events beyond the standard reporting requirements for the date.

Why It Matters

This filing indicates Micron Technology is adhering to its regulatory disclosure obligations. It does not contain new material information that would immediately impact the stock price.

Risk Assessment

Risk Level: low — The filing is a routine 8-K and does not disclose any new material events or financial information.

Key Players & Entities

• Micron Technology, Inc. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• 8000 South Federal Way Boise, Idaho 83716-9632 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.10 — ch registered Common Stock, par value $0.10 per share MU Nasdaq Global Select M

Filing Documents

• tm2412269d1_8k.htm (8-K) — 26KB
• tm2412269d1_8kimg001.jpg (GRAPHIC) — 10KB
• 0001104659-24-049030.txt ( ) — 220KB
• mu-20240417.xsd (EX-101.SCH) — 3KB
• mu-20240417_lab.xml (EX-101.LAB) — 33KB
• mu-20240417_pre.xml (EX-101.PRE) — 22KB
• tm2412269d1_8k_htm.xml (XML) — 3KB

01

Item 7.01 Regulation FD Disclosure On April 17, 2024, a subsidiary of Micron Technology, Inc. ("Micron"), Micron Virginia Semiconductor Manufacturing LLC, submitted a full application to the U.S. Department of Commerce's CHIPS Program Office ("CPO") in response to the CPO's Notice of Funding Opportunity for semiconductor manufacturing under the U.S. CHIPS and Science Act of 2022. This application requests federal funding in the form of grants for modernization of production of long-lifecycle DRAM products at Micron's existing semiconductor manufacturing facility in Manassas, Virginia to address future demand primarily for defense, aerospace, automotive, and industrial customers. The grants, combined with federal investment tax credits and Virginia state incentives, are necessary to enable proceeding with the project. This application for Micron's Virginia project is in addition to previously announced applications for federal funding to build leading-edge manufacturing facilities in Boise, Idaho, and Clay, New York. The U.S. projects for which federal funding is sought are part of Micron's strategy to increase Micron's overall supply in line with industry demand growth.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements regarding Micron's plans for the development of manufacturing facilities. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents we file with the Securities and Exchange Commission, including our most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at investors.micron.com/risk-factor. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of the forward-looking statements to conform these statements to actual results. The information in Item 7.01 of this Current Report on Form 8-K shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. The information in Item 7.01 of this Current Report on Form 8-K shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing or document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MICRON TECHNOLOGY, INC. Date: April 18, 2024 By: /s/ Michael Ray Name: Michael Ray Title: Senior Vice President, Chief Legal Officer and Corporate Secretary