Fall 2026
Updated on 8/21/2026
Memory and storage semiconductor manufacturer
No salary listed
Boise, ID, USA
In Person
Master's, PhD
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Micron Technology designs and manufactures memory and storage products, including DRAM, NAND, and NOR flash. These products power devices across computing, networking, automotive, industrial, and mobile markets. The company sells to OEMs, distributors, and end users worldwide and funds ongoing research and development to meet evolving needs. Micron aims to provide scalable memory solutions and maintain an inclusive, growth‑oriented workplace for its employees.
Company Size
10,001+
Company Stage
IPO
Headquarters
Boise, Idaho
Founded
1978
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Health Insurance
Dental Insurance
Vision Insurance
Disability Insurance
Parental Leave
Unlimited Paid Time Off
Paid Holidays
Flexible Work Hours
Micron Technology announced plans to invest $10 billion over the next decade in a new research laboratory in Boise, Idaho, focused on advancing memory technologies and supporting future chip manufacturing. The facility, called Micron Research Labs, will bring together customers, academia, government and the semiconductor industry to pursue technological breakthroughs. The investment builds on Micron's previous $250 billion commitment to US manufacturing and R&D. The lab will connect with Micron's research facilities across the US, Europe, Japan, India, Singapore and Taiwan. Growing AI infrastructure demand has boosted sales for memory chipmakers including Micron, Samsung Electronics and SK Hynix. Micron expects to break ground on the facility in 2027, which will accommodate hundreds of researchers and host international conferences.
Three Nasdaq-100 stocks are trading at unusually low valuations despite their market presence. Micron Technology trades at a forward price-to-earnings ratio of 6.5, compared to the S&P 500 average of 21, though it has surged 660% over the past year. The chip maker faces cyclical market risks as memory shortages may eventually ease. PDD Holdings, owner of the Temu marketplace, trades at a forward P/E just over eight but has declined 26% amid US-China trade tensions and slowing growth. Its revenue rose 11% year-over-year in Q1 2026, down from 131% growth two years prior. Adobe has also dropped 26% over 12 months, trading at a forward P/E of nine. Concerns centre on AI competition potentially disrupting its core photo editing business, though the company posted record revenue of $6.6 billion in Q2, up 13% year-over-year.
The US-China technology race is intensifying as Washington prepares to urge countries in its AI cooperation network to choose between American and Chinese technology ecosystems. This effort builds on Pax Silica, a US-led initiative securing supply chains for AI, semiconductors, and critical minerals. Against this backdrop, four stocks offer exposure to the emerging US-led advanced-technology ecosystem: NVIDIA and Micron Technology in AI, plus D-Wave Quantum and Rigetti Computing in quantum computing. The International Monetary Fund projects 3% global GDP growth in 2026, with AI-driven demand supporting technology-integrated economies despite broader economic headwinds. The Federal Reserve maintained rates at 3.5%-3.75% on 29 July, citing elevated inflation despite strong productivity and capital investment. NVIDIA remains dominant in AI infrastructure, with first-quarter revenues surging 85% year-over-year. The company guided second-quarter revenues of approximately $91 billion, though the outlook excludes Data Center compute revenues from China.
Jim Cramer believes four memory chip stocks — Micron, SanDisk, Seagate, and Western Digital — can sustain their rallies despite substantial 2026 gains. The Mad Money host argues these companies have escaped their traditional boom-bust cycles due to persistent AI data centre-driven memory shortages. Micron has gained 242% this year, with gross margin jumping from 39% to 85% year over year. SanDisk leads with a 631% increase, whilst Seagate and Western Digital rose 252% and 202% respectively. Three firms authorised large buybacks: SanDisk at $15.5 billion, Seagate at $5 billion, and Western Digital at $4 billion. Multiyear supply agreements totalling $93.9 billion across eight clients support their improved margins. Cramer acknowledges risks, including potential Samsung capacity increases flooding the market.
Micron Technology's fiscal 2023 collapse offers a stark lesson for investors riding today's AI-driven memory boom. The company swung from an $8.7 billion profit in fiscal 2022 to a $5.8 billion loss in fiscal 2023, with revenue nearly halving to $15.5 billion and gross margin plummeting from 45% to negative 9%. The downturn unfolded with remarkable speed. Prices fell until profit disappeared as demand stalled whilst industry supply continued growing. Today's AI boom dwarfs previous cycles. Micron now generates roughly $90 billion annually, with quarterly sales quadrupling year-over-year. Management expects approximately $50 billion revenue in the fiscal fourth quarter alone. However, Micron's history shows memory busts eliminate most peak earnings within two years of the top, whether through sharp, sudden crashes or slower declines.