25th annual roth conference march 17-20th, 2013
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25th Annual Roth Conference March 17-20th, 2013. Kipp Bedard VP of Investor Relations. Safe Harbor. - PowerPoint PPT PresentationTRANSCRIPT
©2013 Micron Technology, Inc. All rights reserved. Products are warranted only to meet Micron’s production data sheet specifications. 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. Dates are estimates only. Drawings are not to scale. Micron and the Micron logo are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.
2©2013 Micron Technology, Inc. |
Kipp BedardVP of Investor Relations
25th Annual Roth ConferenceMarch 17-20th, 2013
April 22, 2023
3©2013 Micron Technology, Inc. |
Safe Harbor
April 22, 2023
During the course of this meeting, we may make projections or other forward-looking statements regarding future events or the future financial performance of the Company and the industry. We wish to caution you that such statements are predictions and that actual events or results may differ materially. We refer you to the documents the Company files on a consolidated basis from time to time with Securities and Exchange Commission, specifically the Company’s most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause the actual results for the Company on a consolidated basis to differ materially from those contained in our projections or forward-looking statements. These certain factors can be found at http://investors.micron.com/riskFactors.cfm. 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 after the date of the presentation to conform these statements to actual results.
4©2013 Micron Technology, Inc. |
Non-PC$19.7
B
PC $7.2B
NAND$27.1
BNOR$3.4
B
Flash$30.5B
DRAM$26.9B
Worldwide Semiconductor Market$311B
2013 Semiconductor Market Forecast
April 22, 2023
Source: Gartner 4Q12
PCM<$1B
5©2013 Micron Technology, Inc. |
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016$0
$10
$20
$30
$40
$50
$60
$70
$80
$44.3
$55.1 $54.1
$42.9$41.8
$64.5
$58.0
$52.6
$57.4
$66.7$63.8
$70.5
Mem
ory
TAM
($B
)Memory Markets Continue to Grow
April 22, 2023
Forecast
NOR TAM
NAND TAM
DRAM TAM
MEMORY TAM
Sources: Gartner (4Q12)
6©2013 Micron Technology, Inc. |
Automotive
Server Wireless Personal Computing Industrial
Storage Graphics / Consumer Networks
Broadest Portfolio Manufacturing Expertise/Stability▶ Industry’s broadest portfolio▶ Computing, server/networking,
embedded, mobile, consumer
April 22, 2023
7©2013 Micron Technology, Inc. |
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
GB (B
)
2012 – 2016 Total NANDBit CAGR:
46%
SSD and Mobile Driving NAND Bit Growth
April 22, 2023
Source: Micron, Gartner 4Q12; Cards included in Mobile and DSC
2012 – 2016 NAND Bit
CAGR
40%
73%
13%32%
27%
38%
71%
39%
Tablets
SSD
PMP/MP3
USB
DSC/Video
Mobile
PC/Com (Non-SSD)
Embedded, AIMM
EndApplications
8©2013 Micron Technology, Inc. |
20002001200220032004200520062007200820092010201120122013201420152016
GB (B
) 2012 – 2016 Total DRAMBit CAGR:
33%
Shift to Mobility Driving DRAM Bit Growth
April 22, 2023
2012 – 2016 DRAM Bit
CAGR
33%
28%
44%
46%
23%
AIMM
Tablet
Consumer
Mobile
Server/Storage
PC/Computing
EndApplications
67%
Source: Micron, Gartner 4Q12; AIMM is Auto, Industrial, Medical and Military
9©2013 Micron Technology, Inc. |
Micron’s Path to Continued Leadership
April 22, 2023
CQ1’12: Acquisition of IMFlash (Singapore and MTV) from Intel• Increase NAND gross margin• Extend & expand NAND
technology JV• Incremental trade NAND capacity
CQ1‘13: Restructuring of Inotera JV• Stabilize DRAM gross margin• No obligation to fund CAPEX
H1’13: Acquisition of Elpida (1)
• Increase mobile segment penetration
• Accelerate DRAM technology roadmap and flexible longer-term capacity
Micron Trade Historical
IMFlash
Inotera
Elpida/Rexchip
300m
m W
SPM
(K)
~90% Increase in
Wafer Capacity
(1) The Acquisition is currently targeted to close in the first half of calendar 2013, subject to various closing conditions.