© 2024 Boise State Public Radio
NPR in Idaho
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Micron Technology was founded in October 1978 in Boise, Idaho.Micron is one of Idaho’s largest employers with more than 5,000 employees. The company went through a series of layoffs since 2005, when it had nearly 10,000 employees in Idaho.According to the company’s website, Micron has about 20,000 employees worldwide including locations in; California, Virginia, Canada, Puerto Rico, Italy, Scotland, Israel, Paris, Germany, Japan, Singapore, South Korea, China, India and Malaysia.Micron manufactures and markets DRAM, NAND and NOR Flash memory products, computer chips, which are used in everything from computing, networking, and server applications, to mobile, embedded, consumer, automotive, and industrial designs.According to its website, Micron Micron Technology, Inc., became a publicly held company in June 1984. In November 1990, Micron was listed on the New York Stock Exchange (NYSE), where it began trading under the “MU” symbol. Effective December 30, 2009 Micron voluntarily transferred its stock exchange listing from The New York Stock Exchange to the NASDAQ Global Select Market, a market of The NASDAQ OMX Group, (NASDAQ: NDAQ) and continues to trade under the ticker symbol MU.

Micron Cuts Boise Manufacturing Jobs, Earns Record Profits

Micron's Boise headquarters.
Micron Technology
Micron's Boise headquarters.

Some workers at Micron’s Boise headquarters will be getting pink slips as the semiconductor giant shifts manufacturing duties to Taiwan.

Micron wouldn’t confirm how many employees they’ll lay off over the next 18 months, but the Idaho Statesman reports the number will be in the low hundreds.

Spokesman Marc Musgrove says they will try to find other jobs within the company for these workers or help them secure positions somewhere else.

With the offshoring of Boise’s manufacturing jobs, Micron’s footprint in the Idaho capital will focus instead on research and development. The company just opened a new facility that will double its current R&D space when fully equipped.

The news comes amidst soaring profits reported this week in annual disclosure forms.

It was a record year for Micron – the company earned about $2.5 billion more in the fourth quarter of 2017 than it did this time last year.

It also raked in nearly $5.1 billion overall during 2017.

For more local news, follow James Dawson on Twitter @RadioDawson

Copyright 2017 Boise State Public Radio

I cover politics and a bit of everything else for Boise State Public Radio. Outside of public meetings, you can find me fly fishing, making cool things out of leather or watching the Seattle Mariners' latest rebuilding season.

You make stories like this possible.

The biggest portion of Boise State Public Radio's funding comes from readers like you who value fact-based journalism and trustworthy information.

Your donation today helps make our local reporting free for our entire community.