Micron Technology Investor Presentation — December 2019

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©2019 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. All information is provided on an “AS IS” basis without warranties of any kind. Statements

regarding products, including statements regarding product features, availability, functionality, or compatibility, are provi dedfor informational purposes only and do not modify the warranty, if any, applicable to any product. Drawings

may not be to scale. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners. Financial Results

FQ1 2020Safe Harbor Statement

December 18, 2019 2During the course of this meeting, we may make projections or other forward -looking statements

regarding future events or the future financial performance of the Company and the industry. We

wish to caution you that such statements are predictions and that actual events or results may

differ materially. We refer you to the documents the Company files from time to time with the

Securities and Exchange Commission, specifically the Company’s most recent Form 10 -K and

Form 10 -Q. These documents contain and identify important factors that could cause the actual

results for the Company to differ materially from those contained in our projections or forward -

looking statements. These certain factors can be found at http://www.micron.com/certainfactors.

Although we believe that the expectations reflected in the forward -looking statements are

reasonable, we cannot guarantee future results, levels of activity, performance, or achievements.

We are under no duty to update any of the forward -looking statements after the date of the

presentation to conform these statements to actual results.December 18, 2019 3Sanjay Mehrotra

President and CEOSolid Start to FY -20 Against Backdrop of Challenging Industry Environment

▪Delivered good profitability

▪Maintained positive free cash flow

▪Strengthened our product portfolio

Optimism for FQ2 -20 Bottom with Continued Recovery in 2HCY20

▪Industry supply -demand balance continues to improve in both DRAM and NAND

▪Recent business trends give us optimism

Continued Excellent Progress on Key Strategic Objectives

▪Increased mix of high value solutions

–Expected to grow from 50% of NAND bits in FY -19 to over 66% in FY -20; up to 80% in FY -21

▪Improved cost structure

▪Enhanced customer engagementOverview

December 18, 2019 4December 18, 2019 5Micron Insight Highlights