Micron Investor Day 2022

Rising capital intensity and associated scale requirements ~$100B Replacement value1 Rising industry complexity Industry dynamics Growing intellectual property and cumulative Increasing breadth and complexity of products and knowledge 1 Replacement value of manufacturing and R&D facilities, plus net cash 2 Micron FY10 through Q2-22 technology Importance of manufacturing experience and quality Trusted customer relationships Micron >$20 B Cumulative R&D² 50,000 Lifetime patents 13 Micron

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