Micron Investor Day 2022

Enhanced cost competitiveness Micron frontend memory industry CY 16 CY22 Long-term target (annual cost reduction rate) cost position* DRAM 3rd 2nd High single digits NAND 4th 1st Low to mid teens ☐ Frontend cost reductions in FY22 are outpacing the industry ☐ Competitive BOM / assembly / test costs via vertical integration and operational excellence *Yielded cost of memory die, BOM = Bill of Materials Source: Micron estimates 68 Micron

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