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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman;"><strong>UNITED
          STATES</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman;"><strong>SECURITIES
          AND EXCHANGE COMMISSION</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Washington,
          D.C. 20549</strong></font></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman;"><strong>FORM
          8-K</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 11pt; FONT-FAMILY: Times New Roman;"><strong>CURRENT
          REPORT</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Pursuant
          to Section&#160;13 OR 15(d) of The Securities Exchange Act of
          1934</strong></font></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>October
          26, 2007</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Date
          of
          Report (date of earliest event reported)</font></div>
        <div><br></div>
        <div>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman;"><strong>MICRON
                    TECHNOLOGY, INC.</strong></font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="84%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Exact
                    name of registrant as specified in its
                    charter)</font></div>
                </td>
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        </div>
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        <div>
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                </td>
                <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>1-10658</strong></font></div>
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                <td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(State
                    or other jurisdiction of incorporation)</font></div>
                </td>
                <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td valign="top" width="24%">
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                    File Number)</font></div>
                </td>
                <td colspan="2" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(I.R.S.
                    Employer Identification No.)</font></div>
                </td>
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                <td valign="top" width="28%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td valign="top" width="30%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8000
                    South Federal Way</strong></font></div>
                </td>
                <td valign="top" width="26%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
              </tr>
              <tr>
                <td valign="top" width="28%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Boise,
                    Idaho&#160;&#160;83716-9632</strong></font></div>
                </td>
                <td valign="top" width="26%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
              </tr>
              <tr>
                <td valign="top" width="28%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td valign="top" width="30%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Address
                    of principal executive offices)</font></div>
                </td>
                <td valign="top" width="26%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
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        <div><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">
  
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                <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td valign="top" width="38%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>(208)
                    368-4000</strong></font></div>
                </td>
                <td valign="top" width="21%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
              </tr>
              <tr>
                <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td valign="top" width="38%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Registrant&#8217;s
                    telephone number, including area code)</font></div>
                </td>
                <td valign="top" width="21%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
              </tr>
  
          </table>
        </div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Check
          the
          appropriate box below if the Form 8-K filing is intended to simultaneously
          satisfy the filing obligation of the registrant under any of the following
          provisions (see General Instruction A.2. below):</font></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font style="DISPLAY: inline; FONT-FAMILY: Webdings, serif;">c</font>
          Written
          communications pursuant to Rule 425 under the Securities Act (17 CFR
          230.425)</font></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font style="DISPLAY: inline; FONT-FAMILY: Webdings, serif;">c</font>
          Soliciting
          material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
          240.14a-12)</font></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font style="DISPLAY: inline; FONT-FAMILY: Webdings, serif;">c</font>
          Pre-commencement
          communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
          240.14d-2(b))</font></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font style="DISPLAY: inline; FONT-FAMILY: Webdings, serif;">c</font>
          Pre-commencement
          communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
          240.13e-4c))</font></div><br>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
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          </div>
        </div>
        <div>&#160;</div>
        <div><br></div>
        <div>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item
                    5.02.</strong></font></div>
                </td>
                <td align="left" valign="top" width="73%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Departure
                    of Directors or Certain Officers; Election of Directors; Appointment
                    of
                    Certain Officers; Compensatory Arrangements of Certain
                    Officers</strong></font></div>
                </td>
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        </div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 18pt;"></font>(d)&#160;&#160;Effective
          October 29,
          2007, the Company&#8217;s Board of Directors appointed Robert Bailey as a member of
          the Company&#8217;s Board of Directors. Mr. Bailey has also been appointed to the
          Audit Committee and the Governance Committee of the Board of
          Directors.&#160;&#160;The full text of the press release issued in connection
          with the appointment of Mr. Bailey to the Board of Directors is attached
          as
          Exhibit 99.1 to this Current Report on Form 8-K.</font></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 18pt;"></font>(e)&#160;&#160;In
          connection with its
          efforts to comply with Section 409A of the Internal Revenue Code of 1986,
          as
          amended, (the &#8220;Code&#8221;) the Company reviewed and revised the form of severance
          agreement it uses with respect to its officers.&#160;&#160;The new form of
          agreement will replace or amend existing severance agreements and also will
          be
          used for newly or recently appointed officers.&#160;&#160;Starting on October
          26, 2007, the Company began obtaining executed copies of the new form of
          severance agreement from its officers.&#160;&#160;The form of severance
          agreement is attached as Exhibit 99.2 to this Current Report on Form
          8-K.</font></div>
        <div><br></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 18pt;"></font>The
          new form of severance agreement,
          like its predecessor, provides for severance benefits upon termination of
          employment with the Company or loss of officer status, for any reason, including
          death, voluntary or involuntary termination, or termination with or without
          cause.&#160;&#160;Payment of severance benefits under the new form will
          commence, however, only when such termination or loss of officer status also
          satisfies the requirements of a "separation from service" as defined in Section
          409A of the Code.&#160;&#160;Severance payments for the officers may be subject
          to a 6-month delay in commencement measured from the date of separation from
          service if required by Section 409A of the Code.</font></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 18pt;"></font>Severance
          benefits under the new form
          of agreement are to be paid for a period of twelve months (the "Transition
          Period"), and primarily consist of base salary, bonus, continued vesting
          of
          options and continued vesting of time-based and performance-based restricted
          shares.&#160;&#160;In addition, the officer will be paid a sum of money designed
          to compensate the officer for the loss of his 401(k) matching contribution
          during the Transition Period and a sum of money designed to compensate the
          officer for the difference between the amount in premiums the officer paid
          for
          employee benefits, such as medical, dental, vision and life insurance coverage,
          as an employee and the amount in premiums it will cost the officer to secure
          similar coverage during the Transition Period as a non-employee.&#160;&#160;The
          sums of money paid to compensate the officer for the loss of benefits are
          grossed up for the federal and state tax impact of the payments.&#160;&#160;The
          payment of any bonus or the vesting of performance-based restricted shares
          during the Transition Period is dependent upon the achievement, on or prior
          to
          the expiration of the Transition Period, of applicable Company-wide, business
          unit or operational pre-determined goals.</font></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Severance
          payments are subject to the
          following conditions: (1) a one year noncompetition obligation, (2)
          confidentiality obligations related to the Company&#8217;s proprietary and
          confidential information that last indefinitely, (3) no disparagement and
          confidentiality obligations surrounding the reasons for, and circumstances
          of,
          the officer&#8217;s termination of employment or change in officer status that last
          indefinitely, and (4) non-solicitation and non-interference provisions relating
          to the Company&#8217;s employees and business partners.</font></div>
        <div><br></div>
        <div><br></div>
        <div>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item
                    9.01.</strong></font></div>
                </td>
                <td align="left" valign="top" width="73%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Financial
                    Statements and Exhibits.</strong></font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="11%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td valign="top" width="73%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
              </tr>
              <tr>
                <td valign="top" width="11%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td align="left" valign="top" width="73%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)&#160;&#160;Exhibits.</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="11%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td valign="top" width="73%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
              </tr>
              <tr>
                <td valign="top" width="11%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td align="left" valign="top" width="73%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                    following exhibits are filed
                    herewith:</font></div>
                </td>
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        <div><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">
  
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                <td align="left" valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Exhibit
                    No.</strong></font></div>
                </td>
                <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td align="left" valign="top" width="72%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Description</strong></font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="9%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">99.1</font></div>
                </td>
                <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td align="left" valign="top" width="72%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Press
                    Release dated October 29, 2007</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="9%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">99.2</font></div>
                </td>
                <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td align="left" valign="top" width="72%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Form
                    of Severance Agreement</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td valign="top" width="72%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
              </tr>
              <tr>
                <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td valign="top" width="72%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
              </tr>
  
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        <div><br>
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          to
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          authorized.</font></div>
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                    1, 2007</font></div>
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                    Roderic W. Lewis</em></font></div>
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          <div id="HDR">
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          TO EXHIBITS FILED WITH</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>THE
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        <div><br></div>
        <div><br></div>
        <div><br></div>
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              <tr>
                <td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid">
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                </td>
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                <td align="left" valign="top" width="71%" style="BORDER-BOTTOM: black 2px solid">
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                <td align="left" valign="top" width="71%">
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                    of Severance Agreement</font></div>
                </td>
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              <tr>
                <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
                <td valign="top" width="71%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;</font></td>
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text: fy2007_8-k.htm
  UNITED
          STATES
  SECURITIES
          AND EXCHANGE COMMISSION
  Washington,
          D.C. 20549
  FORM
          8-K
  CURRENT
          REPORT
  Pursuant
          to Section 13 OR 15(d) of The Securities Exchange Act of
          1934
  October
          26, 2007
  Date
          of
          Report (date of earliest event reported)
  MICRON
                    TECHNOLOGY, INC.
  (Exact
                    name of registrant as specified in its
                    charter)
  Delaware
  1-10658
  75-1618004
  (State
                    or other jurisdiction of incorporation)
  (Commission
                    File Number)
  (I.R.S.
                    Employer Identification No.)
  8000
                    South Federal Way
  Boise,
                    Idaho  83716-9632
  (Address
                    of principal executive offices)
  (208)
                    368-4000
  (Registrant's
                    telephone number, including area code)
  Check
          the
          appropriate box below if the Form 8-K filing is intended to simultaneously
          satisfy the filing obligation of the registrant under any of the following
          provisions (see General Instruction A.2. below):
  c
  Written
          communications pursuant to Rule 425 under the Securities Act (17 CFR
          230.425)
  c
  Soliciting
          material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
          240.14a-12)
  c
  Pre-commencement
          communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
          240.14d-2(b))
  c
  Pre-commencement
          communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
          240.13e-4c))
  Item
                    5.02.
  Departure
                    of Directors or Certain Officers; Election of Directors; Appointment
                    of
                    Certain Officers; Compensatory Arrangements of Certain
                    Officers
  (d)  Effective
          October 29,
          2007, the Company's Board of Directors appointed Robert Bailey as a member of
          the Company's Board of Directors. Mr. Bailey has also been appointed to the
          Audit Committee and the Governance Committee of the Board of
          Directors.  The full text of the press release issued in connection
          with the appointment of Mr. Bailey to the Board of Directors is attached
          as
          Exhibit 99.1 to this Current Report on Form 8-K.
  (e)  In
          connection with its
          efforts to comply with Section 409A of the Internal Revenue Code of 1986,
          as
          amended, (the "Code") the Company reviewed and revised the form of severance
          agreement it uses with respect to its officers.  The new form of
          agreement will replace or amend existing severance agreements and also will
          be
          used for newly or recently appointed officers.  Starting on October
          26, 2007, the Company began obtaining executed copies of the new form of
          severance agreement from its officers.  The form of severance
          agreement is attached as Exhibit 99.2 to this Current Report on Form
          8-K.
  The
          new form of severance agreement,
          like its predecessor, provides for severance benefits upon termination of
          employment with the Company or loss of officer status, for any reason, including
          death, voluntary or involuntary termination, or termination with or without
          cause.  Payment of severance benefits under the new form will
          commence, however, only when such termination or loss of officer status also
          satisfies the requirements of a "separation from service" as defined in Section
          409A of the Code.  Severance payments for the officers may be subject
          to a 6-month delay in commencement measured from the date of separation from
          service if required by Section 409A of the Code.
  Severance
          benefits under the new form
          of agreement are to be paid for a period of twelve months (the "Transition
          Period"), and primarily consist of base salary, bonus, continued vesting
          of
          options and continued vesting of time-based and performance-based restricted
          shares.  In addition, the officer will be paid a sum of money designed
          to compensate the officer for the loss of his 401(k) matching contribution
          during the Transition Period and a sum of money designed to compensate the
          officer for the difference between the amount in premiums the officer paid
          for
          employee benefits, such as medical, dental, vision and life insurance coverage,
          as an employee and the amount in premiums it will cost the officer to secure
          similar coverage during the Transition Period as a non-employee.  The
          sums of money paid to compensate the officer for the loss of benefits are
          grossed up for the federal and state tax impact of the payments.  The
          payment of any bonus or the vesting of performance-based restricted shares
          during the Transition Period is dependent upon the achievement, on or prior
          to
          the expiration of the Transition Period, of applicable Company-wide, business
          unit or operational pre-determined goals.
  Severance
          payments are subject to the
          following conditions: (1) a one year noncompetition obligation, (2)
          confidentiality obligations related to the Company's proprietary and
          confidential information that last indefinitely, (3) no disparagement and
          confidentiality obligations surrounding the reasons for, and circumstances
          of,
          the officer's termination of employment or change in officer status that last
          indefinitely, and (4) non-solicitation and non-interference provisions relating
          to the Company's employees and business partners.
  Item
                    9.01.
  Financial
                    Statements and Exhibits.
  (d)  Exhibits.
  The
                    following exhibits are filed
                    herewith:
  Exhibit
                    No.
  Description
  99.1
  Press
                    Release dated October 29, 2007
  99.2
  Form
                    of Severance Agreement
  SIGNATURE
  Pursuant
          to the requirements of the
          Securities Exchange Act of 1934, the Registrant has duly caused this report
          to
          be signed on its behalf by the undersigned hereunto duly
          authorized.
  MICRON
                    TECHNOLOGY, INC.
  Date:
  November
                    1, 2007
  By:
  /s/
                    Roderic W. Lewis
  Name:
  Roderic
                    W. Lewis
  Title:
  Vice
                    President of Legal Affairs,
  General
                    Counsel & Corporate Secretary
  INDEX
          TO EXHIBITS FILED WITH
  THE
          CURRENT REPORT ON FORM 8-K DATED OCTOBER 26, 2007
  Exhibit
  Description
  99.1
  Press
                    Release dated October 29, 2007
  99.2
  Form
                    of Severance Agreement