©2009 Micron Technologies, Inc. All rights reserved. Products are warranted only to meet Micron’s production data sheet specifications. 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. Dates are estimates only. Drawings are not to scale. Micron and the Micron logo are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.

©2009 Micron Technology, Inc. | 1

Third Quarter of Fiscal 2009

Micron TechnologyFinancial Conference Call

1 June 09

Company Confidential | ©2009 Micron Technology, Inc. | 2

Safe Harbor

During 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 on a consolidated basis from time to time with

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 on a consolidated basis 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.

June 09

Company Confidential | ©2009 Micron Technology, Inc. | 3

Ron FosterCFO and VP of Finance

June 09

©2009 Micron Technology, Inc. | 4

Financial SummaryDollars in millions, except per share Q3 – 2009 % of Sales Q2 – 2009 % of Sales

Net sales $1,106 100% $993 100%

Gross margin* 107 10% (267) -27%

Operating (loss) (246) -22% (708) -71%

Income tax (provision) benefit 2 (4)

Noncontrolling interests in net (income) loss

33 51

Restructuring credits (charges) (19) (105)

Net (loss) ($290) -26% ($751) -76%

Diluted (loss) per share ($0.36) ($0.97)

Shares in diluted EPS calc 813.3 773.9

*Including NRV

June 09

©2009 Micron Technology, Inc. | 5

Q2-08 Q3-08 Q4-08 Q1-09 Q2-09 Q3-09

ASP COGS

Micron NAND ASP & Cost Trends

Note: COGS/GB excludes NRV and idle facility costs

ChangeQ2-09 / Q3-09

ASP/GB (-17%)COGS/GB (-35%)

June 09

©2009 Micron Technology, Inc. | 6

Q2-08 Q3-08 Q4-08 Q1-09 Q2-09 Q3-09

ASP COGS

Micron DRAM ASP & Cost Trends

ChangeQ2-09 / Q3-09

ASP/Gb (-2%)COGS/Gb (-11%)

Note: COGS/Gb excludes NRV and idle facility costs

June 09

©2009 Micron Technology, Inc. | 7

Operating ExpensesDollars in Millions

$195$184

$163

$180$170 $167

$178$168

$162

$134$143

$112$120 $116

$107 $102$90

$80

FQ3-07 FQ4-07 FQ1-08 FQ2-08 FQ3-08 FQ4-08 FQ1-09 FQ2-09 FQ3-09

R&D

SG&A

June 09

Company Confidential | ©2009 Micron Technology, Inc. | 8

Cash Flow From Operations(Millions of US$) Micron Fiscal Quarter

Competitors: Elpida, Hynix, Inotera, Nanya, Powerchip, ProMOS, WinbondRepresented by a simple average of competitors’ respective operating cash flows

FQ 2Q09 Market excludes Hynix (cash flow data not currently available)Source: Company Data, Finance Strategy Group

* All competitor data based on closest calendar quarter, Micron data based on fiscal quarters

$282

$217

$243

$359$339

$151

-$36-$81

$55

-$38

-$82

-$150

-$100

-$50

$0

$50

$100

$150

$200

$250

$300

$350

$400

FQ 2Q08 FQ 3Q08 FQ 4Q08 FQ 1Q09 FQ 2Q09 FQ 3Q09

Micron Competitors

June 09

©2009 Micron Technology, Inc. | 9

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.70

0.80

0.90

MicronFQ 2Q09

MicronFQ 3Q09

WinbondCQ 1Q09

HynixCQ 1Q09

InoteraCQ 1Q09

ProMOSCQ 1Q09

ElpidaCQ 1Q09

PowerchipCQ 1Q09

NanyaCQ 1Q09

Debt to Capital Ratio(Most Recent Quarter)

Debt to Capital = (Long-Term Debt + Current Portion of LT Debt) / (Long-Term Debt + Current Portion of LT Debt + Balance Sheet Equity + Minority Interest)

Source: Company Data, Finance Strategy Group

June 09

©2009 Micron Technology, Inc. | 10

Mark AdamsVP of Worldwide Sales

10 June 09

©2009 Micron Technology, Inc. | 11

0

500

1,000

1,500

2,000

2,500

3,000

0

10

20

30

40

50

60

70

80

90

MB

/ U

nit

PC

Sh

ipm

en

ts (

mil

lio

ns)

Desktop Notebook Desktop MB/Unit Notebook MB/Unit

PC Unit Shipments vs. PC Memory Content

All data is in calendar quarters

Q1-09 – Q4-09 Forecast

Source: iSuppli

June 09

Desktop MB/Unit

4%Q3-09 over Q2-09

Growth

Notebook MB/Unit

9%Q3-09 over Q2-09

Growth

©2009 Micron Technology, Inc. | 12

DRAM Technology Transition

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: iSuppli

SDRAM DDR3DDR2DDR

June 09

©2009 Micron Technology, Inc. | 13

Handset Memory Content

June 09

Sources: Gartner, iSuppli, Micron Market Research

* Embedded Only

2008 – 2010 Forecast

16 32 48 6989

291

685

1,283

139

417

866

1,661

0

500

1,000

1,500

2,000

2007 2008 2009 2010

Ave

rag

e M

B p

er

Un

it

DRAM Embedded NAND Cards

DRAM

51%

YoY Growth2008-2009

NAND*

135%

YoY Growth2008-2009

Flash Cards

108%

YoY Growth2008-2009

©2009 Micron Technology, Inc. | 14

Total NAND Market by Application

Source: iSuppli

Mobile Handsets = cards + embeddedComputing = SSD, Hybrid HDD, Robson, etc.Other = Portable gaming, Set Top Boxes, Other consumer

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

2007 2008 2009 2010 2011 2012 2013

Mil

lio

ns G

B

Computing MP3 USB Drives Mobile Handsets Digital Still Camera Others

June 09

©2009 Micron Technology, Inc. | 15

Flash Card Density Migration

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2007 2008 2009 2010 2011 2012

<2GB

2GB

4GB

8GB

>8GB

Source: iSuppli

June 09

©2009 Micron Technology, Inc. | 16

Memory Industry CapEx (Millions of US$)

Source: iSuppli

10,829 13,510

15,480

21,100

11,053

3,710

3,230

5,330

8,230

10,400

9,900

2,650

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

2004 2005 2006 2007 2008P 2009E

DRAM CapEx NAND CapEx

June 09

©2009 Micron Technology, Inc. | 17

DRAM Capacity Utilization(12” Equivalent Wafers per Month)

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,000

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09

Utiliz

atio

n R

ate

30

0m

m E

U W

SP

M

Total Available Capacity Total Utilized Capacity Industry Utilization Rate

Source: Finance Strategy Group (DRAM Capacity Model)

June 09

©2009 Micron Technology, Inc. | 18

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09

Utiliz

atio

n R

ate

30

0m

m E

U W

SP

M

Total Available Capacity Total Utilized Capacity Industry Utilization Rate

NAND Capacity Utilization(12” Equivalent Wafers per Month)

Source: Finance Strategy Group (NAND Capacity Model)

June 09

June 09