《镁光科技2023年财报Form10-KforMicronTechnologyINCfiled10.0.docx》由会员分享，可在线阅读，更多相关《镁光科技2023年财报Form10-KforMicronTechnologyINCfiled10.0.docx（138页珍藏版）》请在课桌文档上搜索。
1、UNITEDSTATESSECURITIESANDEXCHANGECOMMISSIONWashington,D.C.20549FORMIO-K(MarkOne)凶ANNUA1.REPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934ForthefiscalyearendedAugust31,2023ORTRANSITIONREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934ForthetransitionperiodfromtoCommission
2、filenumber1-10658MicronTechnology,Inc.(Exactnameofregistrantasspecifiedinitscharter)Delaware75-1618004(Stateorotherjurisdictionofincorporationororganization)(IRSEmployerIdentificationNo.)Addressofprincipalexecutiveoffices,includingzipcode8000S.FederalWay,Boise,Idaho83716-9632Registrantstelephonenumb
3、er,includingareacode(208)368-4000TradingSymbolNameofeachexchangeonwhichregisteredMUNasdaqGlobalSelectMarketSecuritiesregisteredpursuanttoSection12(b)oftheAct:TitIeOfeachClaSSCommonStock,parvalue$0.10pershareSecuritiesregisteredpursuanttoSection12(g)oftheAct:NoneIndicatebycheckmarkiftheregistrantisaw
4、ell-knownseasonedissuer,asdefinedinRule405oftheSecuritiesAct.Yes13NoIndicatebycheckmarkiftheregistrantisnotrequiredtofilereportspursuanttoSection13orSection15(d)oftheAct.YesNoEIndicatebycheckmarkwhethertheregistrant(1)hasfiledallreportsrequiredtobefiledbySection13or15(d)oftheSecuritiesExchangeActof1
5、934duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtofilesuchreports),and(2)hasbeensubjecttosuchfilingrequirementsforthepast90days.Yes区NoIndicatebycheckmarkwhethertheregistranthassubmittedelectronicallyeveryInteractiveDataFilerequiredtobesubmittedpursuanttoRule405ofRegul
6、ationS-T(232.405ofthischapter)duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtosubmitsuchfiles).YeS因No口Indicatebycheckmarkwhethertheregistrantisalargeacceleratedfiler,anacceleratedfiler,anon-acceleratedfiler,asmallerreportingcompany,oranemerginggrowthcompany.Seethedefin
7、itionsoflargeacceleratedfiler,”acceleratedfiler,smallerreportingcompany,andemerginggrowthcompanyinRule12b-2oftheExchangeAct.1.argeAcceleratedFilerAcceleratedFilerNon-AcceleratedFilerSmallerReportingCompanyEmergingGrowthCompany区！口口口口Ifanemerginggrowthcompany,indicatebycheckmarkiftheregistranthaselect
8、ednottousetheextendedtransitionperiodforcomplyingwithanyneworrevisedfinancialaccountingstandardsprovidedpursuanttoSection13（八）oftheExchangeAct.Indicatebycheckmarkwhethertheregistranthasfiledareportonandattestationtoitsmanagementsassessmentoftheeffectivenessofitsinternalcontroloverfinancialreportingu
9、nderSection404(b)oftheSarbanes-OxleyAct(15U.S.C.7262(b)bytheregisteredpublicaccountingfirmthatpreparedorissueditsauditreport.因IfsecuritiesareregisteredpursuanttoSection12(b)oftheAct,indicatebycheckmarkwhetherthefinancialstatementsoftheregistrantincludedinthefilingreflectthecorrectionofanerrortoprevi
10、ouslyissuedfinancialstatements.口Indicatebycheckmarkwhetheranyofthoseerrorcorrectionsarerestatementsthatrequiredarecoveryanalysisofincentive-basedcompensationreceivedbyanyoftheregistrantsexecutiveofficersduringtherelevantreveryperiodpursuantto240.10D-1(b).Indicatebycheckmarkwhethertheregistrantisashe
11、llcompany(asdefinedinRule12b-2oftheExchangeAct).Vrz的Theaggregatemarketvalueofthevotingandnon-votingcommonequityheldbynon-affiliateswas$47.9billionbasedontheclosingpricereportedontheNasdaqGlobalSelectMarketonMarch2,2023.Sharesofcommonstockheldbyeachexecutiveofficeranddirectorandbyeachpersonwhoowns5%o
12、rmoreoftheoutstandingcommonstockwereexcludedastheymaybedeemedtobeaffiliates.Thisdeterminationofaffiliatestatusisnotnecessarilyanclusivedeterminationforotherpurposes.ThenumberofoutstandingsharesoftheregistrantsmmonstockasofSeptember29,2023was1,098,034,471.DOCUMENTSINCORPoRATEDBYREFERENCEPortionsofthe
13、ProxyStatementfortheregistrantsFiscal2023AnnualMeetingofShareholderstobeheldonJanuary18,2024areincorporatedbyreferenceintoPartIlandPartIIIofthisAnnualReportonForm10-K.Micron,sGlobalPresenceEuropeChinaKoreaUnitedStatesMalaysSingaporeSlr9Gp0rBrgaluruHydrbdMunIcKGermanyArzanaKayAvezzano.IUly1mrct,IUlyM
14、uirPenangA三TXAttenta.GAAustin.TXBoIm.IDFoitom.CAlrvln,CA1.ongmont.COManassas.VAMefidian.IDMlnnApoii.MNSanJomiCAr9ShanghaiShnzbXJapanHashimotoHiroshimaTokyoTaiwanHsinchuTkhungMicronsglobalpresencemaphighlightslocationsthatincludeourmanufacturingsites,centersofexcellence,customerlabs,andlargeoffices.N
15、otallMicronlocationsarerepresentedOnIhiSmap.VISIONMISSIONworldusesinformationtoenrichlifeforall.inmemoryandstoragesolutions.VA1.UESPeopleInnovationTenacityCollaborationCustomerfocusWecareaboutWedevelopNothingshakesWeworkasWewinbyknowingeachother.solutionsthatshapetheworldsfuture.ourresolve.oneteam.o
16、urcustomers.TransforminghowtheBeagloballeaderTabIeOfCOntentSIntroductionPARTI72140404141Item1.BusinessItem1A.RiskFactorsItem1B.UnresolvedStaffCommentsItem2.PropertiesItem3.1.egalProceedingsItem4.MineSafetyDisclosuresPARTII414344545694949595Item5.MarketforRegistrantsCommonEquity,RelatedStockholderMat
17、ters,andIssuerPurchasesofEquitySecuritiesItem6.ReservedItem7.ManagementsDiscussionandAnalysisofFinancialConditionandResultsofOperationsItem7A.QuantitativeandQualitativeDisclosuresAboutMarketRiskItem8.FinancialStatementsandSupplementaryDataItem9.ChangesinandDisagreementsWithAccountantsonAccountingand
18、FinancialDisclosureItem9A.ControlsandProceduresItem9B.OtherInformationItem9C.DisclosureRegardingForeignJurisdictionsthatPreventInspectionsPART IIIItem10.Directors,ExecutiveOfficers,andCorporateGovernanceItem11.ExecutiveCompensationItem12.SecurityOwnershipofCertainBeneficialOwnersandManagementandRela
19、tedStockholderMattersItem13.CertainRelationshipsandRelatedTransactions,andDirectorIndependenceItem14.PrincipalAccountantFeesandServicesPART IV9600011-41Item15.ExhibitsandFinancialStatementScheduleItem16.Form10-KSummarySignaturesdycron4DefinitionsofCommonlyUsedTermsAsusedherein,uwe,our,us,andsimilart
20、ermsincludeMicronTechnology,Inc.anditsconsolidatedsubsidiaries,unlessthecontextindicatesotherwise.Abbreviations,terms,oracronymsarecommonlyusedorfoundinmultiplelocationsthroughoutthisreportandincludethefollowing:TermDefinitionTermDefinition2023Notes2.497%SeniorNotesdueApril2023,repaidNovember2021GDD
21、RGraphicsdoubledatarate2024Notes4.640%SeniorNotesdueFebruary2024,repaidNovember2021HBMHigh-bandwidthmemory,astackedDRAMtechnologyoptimizedformemory-bandwidthintensiveapplications2024Term1.oanASeniorTerm1.oanAdueOctober2024InoteraInoteraMemories,Inc.2025Term1.oanASeniorTerm1.oanAdueNovember20251.IBOR
22、1.ondonInterbankOfferedRate2026Term1.oanASeniorTerm1.oanAdueNovember20261.PDDR1.ow-powerdoubledatarateDRAM2027Term1.oanASeniorTerm1.oanAdueNovember20271.PDRAM1.ow-powerDRAM2026Notes4.975%SeniorNotesdueFebruary2026MCPMultichippackagedsolutionswithmanagedNANDand1.PDRAM2027Notes4.185%SeniorNotesdueFebr
23、uary2027MicronMicronTechnology,Inc.(ParentCompany)2028Notes5.375%SeniorNotesdueApril2028MTUMicronTechnologyUtah,1.1.C2029ANotes5.327%SeniorNotesdueFebruary2029Multi-TrancheTerm1.oanAgreementBorrowingagreementexecutedNovember3,2022thatgovernsthe2025Term1.oanA,2026Term1.oanA,and2027Term1.oanA2029BNote
24、s6.750%SeniorNotesdueNovember2029NRVNetrealizablevalue2030Notes4.663%SeniorNotesdueFebruary2030OEMOriginalequipmentmanufacturer2032GreenBonds2.703%SeniorNotesdueApril2032PCIeHigh-speedmotherboardconnectionforperipheraldevicessuchasstoragedrives2032DNotes3.125%ConvertibleSeniorNotesdueMay2032,settled
25、August2021QimondaQimondaAG2033ANotes5.875%SeniorNotesdueFebruary2033Q1.CQuad-levelcell(fourbitspercell)2033BNotes5.875%SeniorNotesdueSeptember2033RevolvingCreditFacility、$2.5billionRevolvingCreditFacilitydueMay20262041Notes3.366%SeniorNotesdueNovember2041SATAHardwareinterfaceforconnectingtostoragede
26、vicessuchasharddiskdrivesandSSDs2051Notes3.477%SeniorNotesdueNovember2051S1.CSingle-levelcell(onebitpercell)AlArtificialintelligenceSOFRSecuredOvernightFinancingRateCACChinasCyberspaceAdministrationSSDSolidstatedriveDDRDoubledatarateDRAMTlTexasInstrumentsIncorporatedEBITDAEarningsbeforeinterest,taxe
27、s,depreciation,andamortizationT1.CTriple-levelcell(threebitspercell)eMCPEmbeddedmultichippackagedsolutionswithembeddedmultimediacardstorageand1.PDDRUFSUniversalflashstorageEUVExtremeultravioletlithographyuMCPFS-basedMCPExtinguished2024Term1.oanASeniorTerm1.oanAdueOctober2024,repaidMay2021Micron,Cruc
28、ial,anyassociatedlogos,andallotherMicrontrademarksarethepropertyofMicron.3DXPointisatrademarkofIntelCorporationoritssubsidiaries.OtherproductnamesortrademarksthatarenotownedbyMicronareforidentificationpurposesonlyandmaybethetrademarksoftheirrespectiveowners.Allperiodreferencesaretoourfiscalperiodsun
29、lessotherwiseindicated.Ourfiscalyearisthe52or53-weekperiodendingontheThursdayclosesttoAugust31.Fiscal2023,2022,and2021eachcontained52weeks.5202310-KForward-1.ookingStatementsThisForm10-Kcontainstrendinformationandotherforward-lookingstatementsthatinvolveanumberofrisksanduncertainties.Suchforward-loo
30、kingstatementsmaybeidentifiedbywordssuchasanticipate,expect,intend,pledge,committed,plan,opportunities,future,believe,target,ontrack,estimate,continue,likely,may,will,would,should,could,andvariationsofsuchwordsandsimilarexpressions.However,theabsenceofthesewordsorsimilarexpressionsdoesnotmeanthatast
31、atementisnotforward-looking.Specificforward-lookingstatementsinclude,butarenotlimitedto,statementssuchasthosemaderegardingexpectedproductionrampofcertainproducts;planstoimplementEUVlithography;restructureplansandexpectedrelatedsavings;potentialincreasesinoureffectivetaxrate;thetimingforconstructiona
32、ndrampingofproductionfornewmemorymanufacturingfabsintheUnitedStates;intenttomakeinvestmentsatourbackendfacilityinXian,ChinaandbuildanewassemblyandtestfacilityinGujarat,India;thereceiptofgovernmentgrantsandinvestmenttaxcredits;estimatesoftaxexpensefor2024;thepaymentoffuturecashdividends;marketconditi
33、onsandprofitabilityinourindustry;potentialwrite-downsofinventoriesinfuturequarters;theimpactoftheCyberspaceAdministrationofChinadecision;capitalspendingin2024;thesufficiencyofourcashandinvestments;allocationanddispersalofthenetproceedsofour2032GreenBonds;andresultsoftaxreturnexaminations.Ouractualre
34、sultscoulddiffermateriallyfromourhistoricalresultsandthosediscussedintheforward-lookingstatements.Factorsthatcouldcauseactualresultstodiffermateriallyinclude,butarenotlimitedto,thoseidentifiedinPartI-Item1A.RiskFactors.fcron6PARTIITEM!.BUSINESSOverviewWeareanindustryleaderininnovativememoryandstorag
35、esolutionstransforminghowtheworldusesinformationtoenrichlifeforall.Witharelentlessfocusonorcustomers,technologyleadership,andmanufacturingandoperationalexcellence,Microndeliversarichportfol100fhigh-performanceDRAM,NAND,andNORmemoryandstorageproductsthroughourMicronandCrucialbrands.Everyday,theinnova
36、tionsthatourpeoplecreatefuelthedataeconomy,enablingadvancesinartificialintelligenceand5Gapplicationsthatunleashopportunitiesfromthedatacentertotheintelligentedgeandacrosstheclientandmobileuserexperience.Wemanufactureourproductsatwholly-ownedfacilitiesandalsoutilizesubcontractorsforcertainmanufacturi
37、ngprocesses.Ourglobalnetworkofmanufacturingcentersofexcellencenotonlyallowsustobenefitfromscalewhilestreamliningprocessesandoperations,butitalsobringstogethersomeoftheworld,sbrightesttalenttoworkonthemostadvancedmemorytechnology.Centersofexcellencebringexpertisetogetherinonelocation,providinganeffic
38、ientsupportstructureforend-to-endmanufacturing,withquickercycletimes,inpartnershipwithteamssuchasresearchanddevelopment(R&D),productengineering,humanresources,procurement,andsupplychain.ForourlocationsinSingaporeandTaiwan,thisisalsoacombinationofbringingfabricationandback-endmanufacturingtogether.We
39、makesignificantinvestmentstodevelopproprietaryproductandprocesstechnology,whichgenerallyincreasesbitdensityperwaferandreducesper-bitmanufacturingcostsofeachgenerationofproduct.Wecontinuetointroducenewgenerationsofproductsthatofferimprovedperformancecharacteristics,includinghigherdatatransferrates,ad
40、vancedpackagingsolutions,lowerpowerconsumption,improvedread/writereliability,andincreasedmemorydensity.Wefaceintensecompetitioninthesemiconductormemoryandstoragemarketsandtoremaincompetitivewemustcontinuouslydevelopandimplementnewproductsandtechnologiesanddecreasemanufacturingcostsinspiteofongoingin
41、flationarycostpressures.OursuccessislargelydependentonobtainingreturnsonourR&Dinvestments,efficientutilizationofourmanufacturinginfrastructure,developmentandintegrationofadvancedproductandprocesstechnologies,marketacceptanceofourdiversifiedportfol100fsemiconductorbasedmemoryandstoragesolutions,andef
42、ficientcapitalspending.Sales,Markets,andProductsProductTechnologiesOurproductportfol100fmemoryandstoragesolutions,advancedsolutions,andstorageplatformsisbasedonourhigh-performancesemiconductormemoryandstoragetechnologies,includingDRAM,NAND,andNOR.Wesellourproductsintovariousmarketsthroughourbusiness
43、unitsinnumerousforms,includingcomponents,modules,SSDs,managedNAND,MCPs,andwafers.Oursystem-levelsolutions,includingSSDsandmanagedNAND1combineNAND,acontroller,firmware,andinsomecasesDRAM.DRAM:DRAMproductsaredynamicrandomaccessmemorysemiconductordeviceswithlowlatencythatprovidehigh-speeddataretrievalw
44、ithavarietyofperformancecharacteristics.DRAMproductslosecontentwhenpoweristurnedoff(volatile)andaremostcommonlyusedinclient,cloudserver,enterprise,networking,graphics,industrial,andautomotivemarkets.1.PDRAMproducts,whichareengineeredtomeetstandardsforperformanceandpowerconsumption,aresoldintosmartph
45、oneandothermobile-devicemarkets(includingclientmarketsforChromebooksandnotebookPCs),aswellasintotheautomotive,industrial,andconsumermarkets.NANDNANDproductsarenon-volatile,re-writeablesemiconductorstoragedevicesthatprovidehigh-capacity,low-coststoragewithavarietyofperformancecharacteristics.NANDisus
46、edinSSDsfortheenterpriseandcloud,client,andconsumermarketsandinremovablestoragemarkets.ManagedNANDisusedinsmartphonesandothermobiledevices,andinconsumer,automotive,andembeddedmarkets.1.ow-densityNANDisidealforapplicationslikeautomotive,surveillance,machine-to-machine,automation,printer,andhomenetwor
47、king.NOR:NORproductsarenon-volatilere-writablesemiconductormemorydevicesthatprovidefastreadspeeds.NORismostcommonlyusedforreliablecodestorage(e.g.1boot,application,operatingsystem,andexecute-in-placecodeinanembeddedsystem)andforfrequentlychangingsmalldatastorageandisidealforautomotive,industrial,andconsumerapplications.ProductsbyBusinessUnitandMarketComputeandNetworkingBusinessUnit(CNBU)CNBUincludesmemoryproductsandsolutionssoldintoclient,cloudserver,enterprise,graphics,andnetworkingmarkets.CNBUreportedrevenueof$5.71billionin2023,$13.69billionin20
