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Micron is Leveraging Its DRAM Technology Leadership and Expertise to Meet NAND Customer Requirements

BOISE, Idaho, Jul 5, 2004 (BUSINESS WIRE) -- Micron Technology, Inc., today announced plans to produce NAND Flash memory solutions targeting memory cards, USB devices and other mass storage applications. The growing demand for high-performance, low-cost flash solutions in mobile applications positions NAND Flash as the fastest-growing semiconductor segment in the market. As a leading supplier of semiconductor memory products, Micron is committed to meeting its customers' NAND memory requirements.

Diversification with products including NAND, CellularRAM(TM) devices, RLDRAM(TM)II devices and CMOS image sensors presents significant opportunities for Micron to leverage its core competencies in DRAM product and process technology. Additionally, NAND compliments Micron's existing product portfolio and further enables the Company to support customers as a pure semiconductor manufacturer.

"By leveraging our manufacturing prowess, advanced process and product technology, and capital investment, Micron plans to break into the market as one of the top three suppliers," said Jan du Preez, Micron's Vice President of Networking and Communication. "Micron is entering the NAND market aggressively, starting with the introduction of our first device on 90nm followed by process migrations to 72nm and then 58nm. Our NAND roadmap reflects multiple configurations and density migrations up to 16Gb. We anticipate ramping production quickly to meet the forecasted market demand."

By the end of 2004, Micron anticipates bringing its first NAND Flash solution, a 2Gb component, to market. With the Flash card market starting to transition from 128MB to 256MB density NAND as the volume leader, the 2Gb density enables Micron to offer the right NAND Flash density at the right time to meet these core removable storage market requirements.

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