MU Micron Technology, Inc.

Risks

• Volatility in average selling prices for our semiconductor memory and storage products may adversely affect our business.
• We may be unable to maintain or improve gross margins.
• The semiconductor memory and storage markets are highly competitive.
• We may be unable to generate sufficient cash flows or obtain access to external financing necessary to fund our operations, make scheduled debt payments, and make adequate capital investments.
• Increases in tariffs or other trade restrictions or taxes on our or our customers' products or equipment and supplies could have an adverse impact on our operations.
• U.S. trade regulations have restricted our ability to sell our products to a significant customer and could restrict our ability to sell our products to other customers.
• Our future success depends on our ability to develop and produce competitive new memory and storage technologies.
• A significant portion of our revenue is concentrated with a select number of customers.
• We face risks associated with our international sales and operations that could materially adversely affect our business, results of operations, or financial condition.
• We have been served with complaints in Chinese courts alleging patent infringement.
• We are subject to allegations of anticompetitive conduct.
• Our business, results of operations, or financial condition could be adversely affected by the limited availability and quality of materials, supplies, and capital equipment, or the dependency on third-party service providers.
• New product and market development may be unsuccessful.
• Increases in sales of system solutions may increase our dependency upon specific customers and our costs to develop and qualify our system solutions.
• Products that fail to meet specifications, are defective, or that are otherwise incompatible with end uses could impose significant costs on us.
• We may be unable to protect our intellectual property or retain key employees who are knowledgeable of and develop our intellectual property.
• Claims that our products or manufacturing processes infringe or otherwise violate the intellectual property rights of others, or failure to obtain or renew license agreements covering such intellectual property, could materially adversely affect our business, results of operations, or financial condition.
• Litigation could have a material adverse effect on our business, results of operations, or financial condition.
• We are subject to allegations of securities violations and related wrongful acts.
• If our manufacturing process is disrupted by operational issues, natural disasters, or other events, our business, results of operations, or financial condition could be materially adversely affected.
• A downturn in the worldwide economy may harm our business.
• Breaches of our security systems, or those of our customers, suppliers, or business partners, could expose us to losses.
• Our joint ventures and strategic relationships involve numerous risks.
• Debt obligations could adversely affect our financial condition.
• We must attract, retain, and motivate highly skilled employees.
• We may incur additional tax expense or become subject to additional tax exposure.
• A change in tax laws in key jurisdictions could materially increase our tax expense.
• Our incentives from various governments are conditional upon achieving or maintaining certain performance obligations and are subject to reduction, termination, or clawback.
• We may make future acquisitions and/or alliances, which involve numerous risks.
• Changes in foreign currency exchange rates could materially adversely affect our business, results of operations, or financial condition.
• We may incur additional restructuring charges in future periods.
• Compliance with customer and responsible sourcing requirements and related regulations could limit the supply and increase the cost of certain materials, supplies, and services used in manufacturing our products.
• We and others are subject to a variety of laws and regulations that may result in additional costs and liabilities.
• We are subject to counterparty default risks.
• The operations of MMJ are subject to continued oversight by the Tokyo District Court during the pendency of the corporate reorganization proceedings.