Full-Time
Posted on 7/14/2026
Memory and storage semiconductor manufacturer
No salary listed
Boise, ID, USA
In Person
Bachelor's, Master's
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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
Ken Griffin's Citadel Advisors has slashed its stake in Micron Technology by 87%, reducing its position from roughly 4.6 million shares to 600,523 shares over the last three months. The move comes even as Micron shares surged 671% over the past year amid the AI memory boom. The reduction was not isolated. Citadel also cut its Taiwan Semiconductor Manufacturing stake by 87%, trimming roughly 3.5 million shares, and reduced STMicroelectronics holdings by 44%. The hedge fund made broad cuts across sectors, including General Electric (down 72%), Citigroup (down 63%), and Tesla (down 41%). This suggests Citadel may have been reducing overall risk rather than making a bearish call on semiconductors specifically. Micron's fiscal third quarter 2026 revenue reached $41.5 billion, up 346% year over year.
Micron Technology and SanDisk shares jumped 5% and 8% respectively on Friday, despite a strong US jobs report that briefly pushed Federal Reserve rate hike odds above 50%. The US economy added 162,000 jobs in August, nearly triple expectations, sending Treasury yields higher and pressuring broader markets. The memory chip makers outperformed as semiconductor shortages continued to drive prices higher. Susquehanna expects DRAM contract prices to rise over 50% this quarter, whilst NAND prices could climb about 60%. Dell's COO highlighted persistent supply constraints across DRAM and NAND chips during the company's earnings call. The rally contrasted with rate-sensitive sectors like gold miners, which fell 1.9%, underscoring unusual strength in memory stocks despite hawkish market repricing.
Nvidia has projected that the five major AI hyperscalers will spend approximately $1.3 trillion on capital expenditures in 2027, signalling substantial growth in AI infrastructure investment. This forecast, shared during Nvidia's Q2 earnings call, suggests significant opportunities for companies in the AI hardware supply chain. Four firms are positioned to benefit: Nvidia and Broadcom, which design computing units, and Taiwan Semiconductor and Micron, which manufacture logic and memory chips respectively. Nvidia expects 70% revenue growth in its next fiscal year, whilst Broadcom projects its AI semiconductor business will exceed $100 billion in annual revenue by 2027. During Q3, Broadcom's AI semiconductor revenue reached $16.7 billion, up 221% year over year. Taiwan Semiconductor, the world's largest logic chip manufacturer, and Micron are experiencing strong demand, with memory chip prices rising due to production capacity constraints.
Three AI stocks present buying opportunities this September despite the month's historically poor stock market performance, according to a recent analysis. Nvidia leads the list after reporting second-quarter fiscal 2027 earnings that exceeded expectations, with revenue growing 106% year-over-year. The company's management projects 70% revenue growth for fiscal 2028, well above analyst forecasts. Micron Technologies is capitalising on memory chip shortages driven by AI demand. The company trades at 6 times fiscal 2027 earnings and expects supply constraints to persist until 2028. New production facilities are scheduled to come online in 2027 and 2028. Amazon rounds out the recommendations as another strong AI investment opportunity for September. All three companies are positioned to benefit from continued AI infrastructure investment, making them attractive despite September's typical market weakness for the S&P 500.
Micron Technology faces potential strike action at its Taiwan operations, where unions representing nearly 10,000 workers are demanding compensation overhauls. Workers seek a one-time payment equivalent to 83 months' salary for fiscal 2026 and 15% of operating profit as quarterly bonuses from fiscal 2027. Over 80% of surveyed union members support striking if demands aren't met. The timing is critical as AI demand drives record results. Micron's fiscal third-quarter revenue surged 346% year-over-year to $41.46 billion, with operating income reaching $33.32 billion. The company expects fourth-quarter revenue of roughly $50 billion with 86% gross margin. Taiwan hosts Micron's largest manufacturing base, where the company is expanding high-bandwidth memory production for AI customers, including HBM4 shipments for Nvidia's Vera Rubin platform.