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SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 8 SCHEDULE 13D Under the Securities Exchange Act of 1934 MICRON TECHNOLOGY, INC. (Name of Issuer) Common Stock, $.10 par value (Title of Class of Securities) 595112-4 (CUSIP Number) Jacques K. Meguire, Esq. Kenda K. Tomes, Esq. SONNENSCHEIN NATH & ROSENTHAL 8000 Sears Tower Chicago, Illinois 60606 Telephone: (312) 876-8000 (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) July 12,1996 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ] Check the following box if a fee is being paid with this statement [ ]. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act. (Continued on following page(s)) CUSIP NUMBER 595112-4 _________________________________________________________________ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON J.R. Simplot Company _________________________________________________________________ 2 CHECK THE APPROPRIATE BOX (a) [ ] IF A MEMBER OF A GROUP (b) [X] _________________________________________________________________ 3 SEC USE ONLY _________________________________________________________________ 4 SOURCE OF FUNDS* [00] _________________________________________________________________ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] _________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION State of Nevada _________________________________________________________________ : : (7) SOLE VOTING POWER : 26,299,000 :________________________________ : : (8) SHARED VOTING POWER : -0- NUMBER OF SHARES BENEFICIALLY :________________________________ OWNED BY EACH REPORTING : PERSON WITH : (9) SOLE DISPOSITIVE POWER : 26,299,000 :________________________________ : : (10) SHARED DISPOSITIVE POWER : -0- ________________________________:________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 26,299,000 _________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] _________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.6% _________________________________________________________________ 14 TYPE OF REPORTING PERSON CO ________________________________________________________________ This Amendment No. 8 to Schedule 13D (the "Schedule 13D") is being filed on behalf of J.R. Simplot Company (the "Company") to further amend the Schedule 13D as originally filed on February 20, 1992, as subsequently amended and restated by Amendment No. 4 to Schedule 13D filed on November 29, 1995 by the Company, Simplot Canada Limited, John R. Simplot, the J.R. Simplot Self-Declaration of Revocable Trust dated December 21, 1989 and JRS Properties, L.P. (collectively the "Reporting Persons") and as subsequently amended. Capitalized terms used herein and not otherwise defined have the same meanings as provided in the Amendment No. 4 to Schedule 13D. This Amendment No. 8 does not amend any information with respect any Reporting Person except the Company. Item 4. Purpose of Transaction, is hereby amended by adding the following thereto: (a) The Company expects that it will shortly enter into a series of agreements with Canadian Imperial Bank of Commerce ("CIBC") pursuant to which the Company would hedge the investment risk associated with its ownership of 2,600,000 shares of Common Stock (the "Shares"). These 2,600,000 shares are in addition to the 2,400,000 shares referred to under Item 4(a) of Amendment No. 7 to Schedule 13D (filed on July 11, 1996). The Company's agreements with CIBC regarding the Shares would include, among other things, a forward sale of the Shares to CIBC, a nonrecourse loan agreement under which the Company would borrow an aggregate of approximately $50 million from CIBC to fund the Company's capital requirements in its core businesses, and a pledge of the Shares to secure the Company's obligations under the forward sale and the loan agreement. (This $50 million amount would be in addition to the $45 million loan amount referred to under Item 4(a) of Amendment No. 7 to Schedule 13D.) The Company understands that CIBC Wood Gundy Securities Corp., an affiliate of CIBC, has hedged CIBC's anticipated obligations under the forward sale. (b)-(j) Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: July 12,1996 J. R. Simplot Company By: /s/ RONALD N. GRAVES Title: Secretary