Summary of MICRON TECHNOLOGY INC

Item 2.05. Costs Associated with Exit or Disposal Activities.

On October 9, 2008, the Micron Technology, Inc. (the "Company") announced a plan to restructure its memory operations in response to the challenging global environment for technology products. As a part of the restructure plan, the Company and its NAND Flash memory joint venture partner, Intel Corporation, have agreed to shutdown production of NAND Flash from the Company's 200mm wafer fabrication facility in Boise, Idaho. The Company plans to reduce its global workforce by approximately 15 percent during the next two years.

The Company expects cash costs associated with the restructure plan to approximate $60 million, and the resulting annual benefit to cash operating margin to approximate $175 million. The Company anticipates incurring restructure charges at least through the remainder of fiscal 2009, but is unable to estimate the aggregate amount of the charges.

The Company's press release related to the restructuring is attached as Exhibit 99.1 to the Current Report of Form 8K.

This Current Report on Form 8-K contains forward-looking statements regarding future restructure charges. Actual events or results may differ materially from those contained in the forward-looking statements. Please refer to the documents the Company files on a consolidated basis 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 on a consolidated basis to differ materially from those contained in our forward-looking statements (see Certain Factors). 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 this report to conform to actual results.