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Micron Technology, Inc.

SemiconductorsFounded 1978
Reviewed by Swet Parvadiya
Company data updated: October 2026

Acquisitions

Micron Acquisitions

3

Major Deals Covered

$3.8B

Disclosed Deal Value

What are Micron's biggest acquisitions?

Micron's largest disclosed acquisition here is Elpida Memory for $2.5B in 2013. This page covers 3 major deals from 1999 to 2013, each with its price where disclosed and the reason behind it.

Major deals covered
3
Largest deal
Elpida Memory ($2.5B)
First deal
1999
Most recent
2013
CompanyYearPricePurpose
Elpida Memory2013$2.5BMicron acquired the assets of bankrupt Japanese DRAM manufacturer Elpida Memory to significantly expand its global market share, acquire valuable patent portfolios, and solidify its position as the number two global DRAM manufacturer, competing more effectively with Samsung and SK Hynix.
Rendition1999UndisclosedMicron acquired Rendition, a graphics chip manufacturer, marking its first major step into the integration of memory and logic technologies, aiming to develop unified memory architectures that could improve the performance of graphics-intensive applications.
Numonyx2010$1.3BMicron acquired Numonyx, a joint venture between Intel and STMicroelectronics, to expand its NOR flash memory portfolio and strengthen its position in the embedded memory market for automotive and industrial applications.
What companies has Micron bought?
Major acquisitions by Micron documented here include Elpida Memory (2013), Numonyx (2010) and Rendition (1999).
What is Micron's most recent acquisition?
The most recent Micron acquisition documented here is Elpida Memory, in 2013, for $2.5B.

Elpida Memory

2013

$2.5B

Why

Micron acquired the assets of bankrupt Japanese DRAM manufacturer Elpida Memory to significantly expand its global market share, acquire valuable patent portfolios, and solidify its position as the number two global DRAM manufacturer, competing more effectively with Samsung and SK Hynix.

Impact

The acquisition allowed Micron to integrate Elpida's advanced mobile DRAM technologies and its Hiroshima, Japan fabrication facility, providing the company with a significant cost advantage in the mobile market and a strategic manufacturing footprint in Asia that complemented its US and Singapore operations.

Outcome

Elpida's technology has been fully integrated into Micron's mobile DRAM portfolio, contributing to the company's dominance in the smartphone memory market and providing the patent foundation necessary to defend against intellectual property litigation from competitors.

Source →

Numonyx

2010

$1.3B

Why

Micron acquired Numonyx, a joint venture between Intel and STMicroelectronics, to expand its NOR flash memory portfolio and strengthen its position in the embedded memory market for automotive and industrial applications.

Impact

The acquisition allowed Micron to integrate Numonyx's advanced NOR flash technologies and its manufacturing facilities in Italy and Asia, providing the company with a comprehensive portfolio of volatile and non-volatile memory solutions for the embedded market.

Outcome

Numonyx's technology has been fully integrated into Micron's embedded memory portfolio, contributing to the company's dominance in the automotive and industrial memory markets and providing a stable, high-margin revenue base that complements the cyclical commodity memory business.

Source →

Rendition

1999

Why

Micron acquired Rendition, a graphics chip manufacturer, marking its first major step into the integration of memory and logic technologies, aiming to develop unified memory architectures that could improve the performance of graphics-intensive applications.

Impact

The acquisition provided Micron with valuable expertise in graphics processing and logic design, though the company ultimately struggled to integrate the disparate technologies and achieve commercial success in the competitive graphics chip market.

Outcome

Micron eventually refocused on its core memory competencies to maximize capital efficiency, divesting or repurposing the Rendition assets, a strategic lesson that reinforced the company's commitment to remaining a pure-play memory manufacturer rather than attempting to compete in the logic semiconductor market.

Source →

Micron Technology, Inc.'s Growth & Acquisition Strategy

Micron's growth strategy centres on high-bandwidth memory (HBM) for artificial intelligence. AI accelerators such as Nvidia's need large amounts of fast memory alongside them, so Micron is investing heavily in HBM3E and competing with Samsung and SK Hynix for contracts to supply the AI data centers built by companies such as Microsoft and Google. The aim is to reduce its dependence on the volatile smartphone market.

How Micron Technology, Inc. Makes Money

Micron runs a capital-intensive B2B memory manufacturing model: it designs DRAM and NAND process technology, fabricates wafers in its own fabs in the US, Japan, Taiwan and Singapore, and sells chips, modules, HBM stacks and SSDs to hyperscalers, server makers, AI accelerator vendors, PC and phone OEMs, and auto suppliers. Since fiscal 2026 it reports four business units: Cloud Memory (HBM and server DRAM for hyperscalers), Core Data Center, Mobile and Client, and Automotive and Embedded. In fiscal Q4 2026, Core Data Center ($18.0B) and Cloud Memory ($16.3B) were the largest units. Net capital spending was $27.37B in fiscal 2026.

Micron Acquisitions FAQ

Why was the 2013 acquisition of Elpida Memory considered Micron's greatest strategic deal?

In 2013, Micron acquired bankrupt Japanese DRAM manufacturer Elpida Memory for $2.0 billion ($750M cash and $1.25B in creditor installments). The deal doubled Micron's global DRAM market share, acquired the Hiroshima fabrication campus, and brought Apple's iPhone mobile DRAM business directly to Micron.

What was the 1998 acquisition of Texas Instruments' memory business?

In 1998, Micron acquired the worldwide semiconductor memory operations of Texas Instruments for $880 million in stock and notes. TI exited the memory business, transferring its state-of-the-art fabs in Italy, Singapore, and Japan to Micron, making Micron the second-largest DRAM maker in the world.

What was the acquisition of Inotera Memories in Taiwan in 2016?

In December 2016, Micron acquired the remaining 67% equity stake in Taiwanese DRAM joint venture Inotera Memories for $4.0 billion. The acquisition consolidated full operational control of Inotera's large Taoyuan fabrication facilities, integrating them into Micron's global DRAM supply chain.

What was the IM Flash Technologies joint venture with Intel and its 2019 buyout?

Founded in 2006, IM Flash Technologies (IMFT) was a joint venture between Micron and Intel to develop NAND flash and 3D XPoint memory in Lehi, Utah. In 2019, Micron acquired Intel's remaining stake for $1.5 billion, later selling the Lehi fab to Texas Instruments in 2021 for $900 million to focus on 3D NAND.

What was the acquisition of Numonyx in 2010?

In 2010, Micron acquired flash memory manufacturer Numonyx (a joint venture of Intel and STMicroelectronics) for $1.27 billion in stock. The deal significantly broadened Micron's NOR flash and NAND portfolio for mobile phones and embedded systems.

Why did Micron acquire software startup Convey Computer in 2015?

In 2015, Micron acquired hybrid computing startup Convey Computer to integrate custom FPGA coprocessors with advanced memory architectures, paving the way for Micron's advanced memory controllers and near-memory compute research.

What is Micron's approach to acquiring leading-edge semiconductor tool IP?

Rather than acquiring equipment manufacturers, Micron partners with global semiconductor tool providers (ASML, Applied Materials, Lam Research, Tokyo Electron) to co-develop custom deposition, etching, and EUV lithography recipes tailored exclusively to Micron's 3D memory architectures.

Will Micron pursue additional international M&A under current geopolitical constraints?

Under heightened US, Japanese, and European national security regulations on semiconductor technology, Micron's M&A strategy focuses on domestic greenfield mega-fab expansion in New York and Idaho, supplemented by targeted acquisitions of advanced packaging and AI memory controller software startups.

Why was the 2013 acquisition of Elpida Memory so critical for Micron?

In 2013, Micron acquired bankrupt Japanese memory manufacturer Elpida for $2.5 billion. The deal gave Micron state-of-the-art 300mm fabs in Hiroshima, instantly expanded its global DRAM market share from ~12% to over 24%, and secured prized mobile DRAM supply contracts with Apple for the iPhone, cementing Micron as an indispensable member of the global DRAM triopoly.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.