Economic Outlook and Revenue Assessment Committee (EORAC) Jayson Ronk, State Government Affairs Director January 4, 2018

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Economic Outlook and Revenue Assessment Committee (EORAC) Jayson Ronk, State Government Affairs Director January 4, 2018 Economic Outlook and Revenue Assessment Committee (EORAC) Jayson Ronk, State Government Affairs Director January 4, 2018 ©2018 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. All information is provided on an “AS IS” basis without warranties of any kind. Statements regarding products, including regarding their features, availability, functionality, or compatibility, are provided for informational purposes only and do not modify the warranty, if any, applicable to any product. Drawings may not be to scale. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners. Quick Stats Micron by the Numbers Headquarters Fortune 500 Patents Boise, Idaho, USA Ranked #226 in 2016 ~20,000 and growing Age FY17 Net Sales Products Nearly 40 years strong $20.3B Largest portfolio of memory and storage technologies Size Team Members Segments 3rd largest memory 34,000+ in 17 countries Compute, consumer, company in the world networking, storage, embedded and mobile Market Position Locations products 6th largest semiconductor 12 manufacturing sites company September 2017, Source: Micron and industry analysts With a track record of innovation and And we know industry advancement, Micron’s team is changing the way the world accesses memory and manages data. We were made to do this Creating value for our stakeholders through world-class engineering. 1978 2017 Our Our growth and innovation has made us the influential global presence we are long history today–committed to being the best proves it memory company in the world. Company Timeline The Micron Foundation Crucial Technology is is established to Micron introduces created to market and advance STEM Micron Technology, Inc. First 64K DRAM 1-megabit DRAM sell memory upgrades education and support is founded product is shipped product to end-users communities 1978 1980 1981 1984 1987 1994 1996 1998 1999 Ground broken on Micron introduces Micron is named a Micron acquires Texas Micron’s first wafer world’s smallest 256K Fortune 500 company Instruments’ worldwide fabrication plant in DRAM product memory operations Boise Micron becomes a publicly traded company on NASDAQ Micron demonstrates world’s first 1-gigabit DDR DRAM product Micron acquires Toshiba’s DRAM Micron and Intel form a Micron introduces Micron acquires NOR Micron acquires rights operations in NAND joint venture IM RealSSD™ family of manufacturer Numonyx to 100% of Inotera’s Manassas, Virginia Flash Technologies solid state drives output 2002 2004 2005 2006 2007 2008 2010 2011 2012 Micron ships first Micron acquires Lexar Micron and Nanya form Micron debuts Hybrid 2-gigabit NAND flash Media DRAM joint venture Memory Cube product Inotera Memories technology Micron announces development of the Automata Processor Micron opens new Singapore Fab for 3D Micron acquires Elpida NAND production Memory Inc. and Rexchip Electronics Micron acquires Inotera Corporation Memories the 2013 2015 2016 2017 best is yet to come. Micron announces 100,000 sq ft expansion of its Boise R&D facility Ground broken on 255,000 sq ft expansion in Singapore for 3D NAND production Micron’s Global Expertise HEADQUARTERS - Boise, Idaho AMERICAS EMEA APAC United States Belgium Italy Australia Malaysia Finland Netherlands China Singapore France Sweden India South Korea FY17 Net Sales | $20.3+B Germany United Kingdom Japan Taiwan Employees | ~30,000 In an increasingly complex and Data is the connected world, the ability of an organization to collect, manage and analyze data effectively separates the new currency winners from the runners-up. Source: http://www.cioinsight.com/it-strategy/big-data/why-data-is-the-new-business-currency.html Trends Driving Increased Data Traffic Cloud/ Mobile/ Enterprise Automotive Big Data Networking Client IoT Online Transaction Global sales of Data center Global IP traffic Global mobile data 27.1 billion Processing autonomous storage installed grows at a CAGR traffic to rise ~7X networked devices systems with low- vehicles to reach capacity to grow of 24% from 2016 between 2016 and by 2021 latency in-memory ~600,000 units by ~5X to 1.8 ZB to 2020 2021 compute 2025 between 2015 and Source, September 2017: Cisco, Gartner, IDC, Automobile manufacturers IoT – Internet of Things 2020 The Interconnected World Cloud Applications . By year’s end, mobile devices will Devices outnumber the human population . 90% of consumer-connected devices will have access to some personal cloud . Projected that by the end of 2020, there will be 24 billion connected devices Sources: Wards Auto, Forbes, SAP, IBM If data is the new currency of business, It’s all about then memory and storage make up the powerful banking system that data owners need to move, protect, store, the memory and capitalize on this currency. 1 Worldwide Memory Semiconductor Market Market in 2017 (+57% Y/Y) $420B $135B (+20% Y/Y) . Mobile $30B Discrete Logic DRAM $20B . Non-Mobile $39B $69B $203B +10% +7% Y/Y (+67% Y/Y) Y/Y Non-Memory Other Analog $39B $23B +10% Non- . Storage $27B Markets +11% Y/Y Volatile . Non-Storage $39B $66B Y/Y (+48% Y/Y) $285B Source: Gartner Q3-17 and Micron ¹Memory includes DRAM, NAND and NOR, Emerging and other memories along with SSD non-NAND Inside a Computer Solid State Drive Inside a Smartphone Memory Microprocessor Micron Memory Enables the Digital Interconnected World Automotive Mobile Industrial / Medical Consumer Business / Enterprise Wearable Whatever You Drive – Micron is Inside Key Growth Markets & Server, Solutions Networking Automotive & Storage Mobile & Embedded 2017 TAM $50B - $55B $50B - $55B $12B - $15B DRAM: ~30% DRAM: ~20% DRAM: ~30% Bit CAGR 2016-2020 NAND: ~55% NAND: ~40% NAND: ~45% Graphics, Client, Cloud, Tablets, Mobile Auto, Industrial Key End Markets Enterprise, Networking LPDRAM, MCP and Embedded DRAM GDx, HMC, DIMM, SSD Micron Solutions Discrete Managed NAND and NAND Source: Micron and industry analysts Server, Networking & Storage: Enterprise & Cloud Server, Networking, Graphics (DRAM), Client, Enterprise & Datacenter SSD (NAND) Mobile: Smartphones and Tablets Automotive & Embedded: ADAS, Infotainment, other memory in connected vehicles and industrial, consumer, connected home, and connected devices Building 51 & Building 37 .
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