Micron Technology
Memory and storage semiconductor manufacturer
Digital IP Design Engineer Intern - DRAM
About the job
- Currently pursuing a Bachelor's or Master's degree in Electrical Engineering, Computer Engineering, Semiconductor Engineering, or a related STEM field.
- Completed coursework in CMOS Digital Circuits, SystemVerilog/UVM, and Static Timing Analysis.
- Experience with at least one programming language such as Python, Perl, TCL, MATLAB, or equivalent.
- Demonstrated analytical and problem-solving skills through academic, research, or project experience.
- Effective written and verbal communication skills with the ability to work in a collaborative team environment.
- Support the design, development, and verification of digital IP circuits for next-generation DRAM products using RTL-to-GDS methodologies.
- Perform circuit analysis across process, voltage, and temperature corners to evaluate performance, quality, and reliability.
- Develop automation scripts and leverage Agentic AI, AI-Assisted tools, or Code Assist solutions to improve engineering productivity and design quality.
- Collaborate with multi-functional engineering teams on design implementation, verification, and silicon validation activities.
- Present technical findings, project results, and recommendations to engineering leadership and key customers.
- Experience with digital IC design, verification, or semiconductor development projects.
- Familiarity with RTL design, synthesis, timing closure, verification, and physical design concepts.
- Exposure to industry-standard EDA tools used for circuit simulation, verification, and implementation.
- Experience applying AI, Generative AI, AI Assistant tools, Agentic AI workflows, or Code Assist technologies to improve engineering processes and development efficiency.
- Previous research, internship, or project experience related to memory systems, semiconductor design, or VLSI development.
About the company
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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Simplify's Take
What believers are saying
- Fiscal Q3 2026 revenue hit $41.46 billion, up 346%, with 84.9% gross margin.
- Japan broke ground July 4, 2026, on a ¥1.5 trillion HBM plant.
- Micron raised fiscal 2026 capex to about $20 billion, accelerating 1-gamma and HBM.
What critics are saying
- SK Hynix and Samsung still dominate HBM; Micron ranked third with 18% in Q2.
- September 2026 memory spikes invite customer delays, inventory destruction, and price collapse.
- A memory price reversal after 2027 would crush earnings and strand Micron's fab spending.
What makes Micron Technology unique
- Micron's June 25, 2026, SCAs locked roughly $100 billion minimum revenue through 2030.
- HBM4 supplier approval for Nvidia's Vera Rubin ties Micron directly to AI accelerators.
- Idaho, New York, Hiroshima, and Singapore expansion diversifies capacity across geopolitically resilient regions.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Disability Insurance
Parental Leave
Unlimited Paid Time Off
Paid Holidays
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↑ 4%1 year growth
↑ 4%2 year growth
↑ 4%Micron Technology is projected to surpass Microsoft in net income during fiscal 2027, driven by soaring memory prices rather than volume growth. Microsoft earned $133.7 billion in fiscal 2026, whilst Micron generated $8.5 billion in fiscal 2025. However, Micron's quarterly profits have surged dramatically. The company guided to approximately $35 billion in net income for its fiscal fourth quarter of 2026 — four times its entire prior fiscal year. The surge stems primarily from price increases. DRAM average selling prices rose in the low-60% range quarter-on-quarter, whilst shipment volumes increased only by a low-single-digit percentage. Micron's gross margin reached 84.6% in the fiscal third quarter, up from 37.7% the previous year. At the guided pace, four quarters would generate approximately $141 billion in net income, exceeding Microsoft's fiscal 2026 performance.
Jim Cramer named Intel and Micron Technology as his top technology stock picks on Mad Money's 17 September episode, calling Intel "the best stock in show" and Micron "number two". Cramer noted both companies' products are in short supply and disclosed he recently purchased Micron shares. Intel's second-quarter revenue rose 25% year-over-year to $16.1 billion, whilst Data Centre and AI revenue increased 59% to $6.3 billion. However, Intel Foundry posted a $2.1 billion operating loss despite $5.8 billion in revenue. Micron's fiscal third-quarter GAAP operating margin reached 80.4%, up from 23.3% a year earlier, with operating cash flow hitting $25.4 billion. The company reported DRAM inventories were "very tight". Intel CEO Lip-Bu Tan warned memory capacity is "very limited", with prices rising five to seven times and conditions expected to worsen.
Micron Technology shares rose approximately 1.3% to $990.14 on Friday after Intel's CEO stated memory prices have surged fivefold to sevenfold, with supply constraints expected to persist into next year. The tight memory market has significantly boosted Micron's profitability, with the company reporting an 84.6% GAAP gross margin in its latest quarter and guiding to roughly 86% for the following quarter. However, at its current price, Micron trades 54.71% above its $640 GuruFocus GF Value, suggesting investors are paying a substantial premium for the scarcity-driven boom. Whilst extreme memory prices are generating strong cash flows today, they may also prompt customers to delay spending or seek alternatives, whilst encouraging additional industry capacity.
Intel CEO Lip-Bu Tan warned that memory prices have surged five to seven times, now comprising roughly 75% of the cost for some lower-end phones and laptops. He cautioned the shortage could worsen in 2027. Tan told investors the industry faces one of its most severe supply constraints across logic, silicon wafers, memory, and substrates. Intel is redirecting production toward data-centre CPUs and projects 2026 capital expenditure above $20 billion, with 2027 spending expected to rise significantly higher. Micron Technology echoed the outlook, stating tightness will continue beyond 2027. SK hynix flagged 2027 as potentially the industry's worst supply year. Micron holds $100 billion in take-or-pay contracts and $22 billion in customer deposits, locking in floor pricing above previous peak margins.
Micron Technology could follow Nvidia's lead with a substantial dividend increase, as semiconductor companies adapt to the AI-driven profit boom. Nvidia recently raised its dividend by 2,400%, from $0.01 to $0.25 per share, translating to roughly $25 billion in annual payments. This move comes after years of chip stocks deprioritising dividends in favour of growth investments. Micron currently pays a quarterly dividend of $0.15, yielding just 0.06%. However, the company's net income reached $50.5 billion over the past four quarters, giving it a dividend payout ratio of only 1.1%. This low ratio suggests significant room for increases. The memory chip manufacturer trades at a forward price-to-earnings ratio below 7, based on fiscal 2027 projections. Combined with its strong profitability, this creates conditions favourable for a dividend hike that could boost the stock further.