TAIPEI, Taiwan, December 20, 2017 – Micron (NASDAQ:MU) today announced that it has been selected for the "Deal of the Year Award" and "Most Influential M&A Deal Award" in the 2017 Taiwan M&A Awards by the Taiwan Mergers & Acquisitions and Private Equity Council (MAPECT) for the acquisition of Inotera. In addition, Micron is honored to have received the "2017 International Partner Office – Strategic Point of Light Partners Award" by the Taiwan Ministry of Economic Affairs, which represents the Taiwan government's support for Micron's long-term investments and operations in Taiwan, and recognizes Micron's contributions to the transformation of the country's industry structure.
Chairman of Micron Semiconductor Taiwan Co., Ltd., Stephen Drake, will attend the 2017 Taiwan M&A Awards and dinner banquet this evening. "Micron has a long-term collaboration with Taiwan," said Drake. "We are honored to receive these accolades from the Taiwan government and MAPECT. Micron is dedicated to continuing the development of innovative technologies for the memory industry and optimizing our plans for the DRAM Center of Excellence in Taiwan."
With Inotera's share swap transaction finalized last December, Micron is now the largest foreign employer and foreign investor in Taiwan. This deal elevates Taiwan further in Micron's global strategy. Over the past year, Micron expanded operations in Taiwan, drove DRAM business growth with the most advanced technologies, and led in the overall development of the memory industry.
"Over the past year, Micron has committed to the cultivation of talent," said Drake. "We provide superior work packages to nearly 6,500 team members in Taiwan, including a competitive compensation structure, welfare conditions above those required by the Labor Standards Act, and international career paths.We plan to recruit about 1,000 more professionals next year in Taiwan. We are determined to build a world-class workplace for our team members, so top professionals with memory expertise in Taiwan can enhance their careers and grow with Micron."
We are an industry leader in innovative memory and storage solutions. Through our global brands — Micron®, Crucial® and Ballistix® — our broad portfolio of high-performance memory and storage technologies — including DRAM, NAND, NOR Flash and 3D XPoint™ memory — is transforming how the world uses information to enrich life. Backed by nearly 40 years of technology leadership, our memory and storage solutions enable disruptive trends, including artificial intelligence, machine learning and autonomous vehicles, in key market segments like cloud, data center, networking and mobile. Our common stock is traded on the Nasdaq under the MU symbol. To learn more about Micron Technology Inc., visit micron.com.
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