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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">UNITED
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  D.C. 20549</font></div>
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  8-K</font></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-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
  REPORT</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
  to Section&#160;13 OR 15(d) of The Securities Exchange Act of 1934</font></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-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">April
  2, 2008</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>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">MICRON
        TECHNOLOGY, INC.</font></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: 10pt; FONT-FAMILY: times new roman">(Exact
        name of registrant as specified in its
  charter)</font></div>
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                </td>
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        </font></td>
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                </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>
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        File Number)</font></div>
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        </font></td>
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        Employer Identification No.)</font></div>
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                <td valign="top" width="28%"><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-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">8000
        South Federal Way</font></div>
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                <td valign="top" width="26%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></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>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Boise,
        Idaho&#160;&#160;83716-9632</font></div>
                </td>
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        </font></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>
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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">(Address
        of principal executive offices)</font></div>
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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-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(208)
        368-4000</font></div>
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        </font></td>
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        </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">(Registrant&#8217;s
        telephone number, including area code)</font></div>
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        </font></td>
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        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><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>
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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"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Wingdings">o</font>
  Written communications pursuant to Rule 425 under the Securities Act (17 CFR
  230.425)</font></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"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Wingdings">o</font>
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
  240.14a-12)</font></div>
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  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
  (17 CFR 240.14d-2(b))</font></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"><font style="DISPLAY: inline; FONT-SIZE: 10pt;" face="Wingdings">o</font>
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
  (17 CFR 240.13e-4c))</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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  </font></div>
          </div>
        </div><br>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">
              <tr>
                <td align="left" valign="top" width="9%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Item
        1.01.</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-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Entry
        into a Material Definitive
  Agreement.</font></div>
                </td>
              </tr>
          </table>
        </div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On March
  31, 2008, the Company&#8217;s joint venture subsidiary, TECH Semiconductor Singapore
  Pte. Ltd. ("TECH") entered into a new credit facility that enables it to borrow
  up to $600 million at SIBOR plus 2.5%, subject to customary covenants (the
  &#8220;Credit Facility&#8221;).&#160; In addition to TECH, the parties to the Credit
  Facility are ABN AMRO Bank N.V., Singapore Branch, Citibank, N.A., Singapore
  Branch / Citigroup Global Markets Singapore Pte Ltd, DBS Bank Ltd and
  Oversea-Chinese Banking Corporation Limited as Original Mandated Lead Arrangers
  and a syndicate of banks (collectively the &#8220;Banks&#8221;).&#160;&#160;The Credit
  Facility is available for drawdown from March 31, 2008 to December 31, 2008.
  TECH is expected to draw $220 million under the new credit facility on April 7,
  2008 and retire the amount outstanding under its previous credit facility by
  paying off $240 million.&#160;&#160;Payments under the new facility are due in
  13 quarterly installments commencing in May 2009.&#160;&#160;The Credit Facility
  is secured by all of the assets of TECH and contains customary affirmative,
  negative and financial covenants, including, among other requirements, negative
  covenants that restrict TECH&#8217;s ability to create liens, incur indebtedness,
  merge or consolidate, acquire or dispose of assets, make distributions, enter
  into transactions with affiliates, enter into restrictive agreements and
  financial covenants that establish applicable liquidity ratios, debt service
  coverage ratios and limit the maximum leverage ratios that TECH can maintain at
  any one time.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
  addition, the Credit Facility contains events of default, that include, among
  others, non-payment of principal, interest or fees, violation of covenants,
  inaccuracy of representations or statements, cross-defaults to certain other
  indebtedness by TECH or the Company, bankruptcy and insolvency defaults of TECH
  or the Company, material adverse change to the business of
  TECH,&#160;&#160;specific ownership requirements, material judgments, and
  non-extension of the term of the TECH joint venture.&#160;&#160;The occurrence
  of an event of default could result in an increased interest rate, the
  acceleration of TECH&#8217;s obligations under the Credit Facility and an obligation
  of TECH or the Company, under certain circumstances to repay the full amount of
  TECH&#8217;s borrowings under the Credit Facility.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
  connection with the Credit Facility, on March 31, 2008, the Company entered into
  a Guarantee with ABN AMRO Bank B.V., Singapore Branch, as security agent for the
  Banks (the &#8220;Guarantee&#8221;).&#160;&#160;Pursuant to the terms of the Guarantee, the
  Company has guaranteed approximately 73% of the outstanding amount of the Credit
  Facility, with the Company&#8217;s obligations increasing to 100% of the outstanding
  amount of the Credit Facility&#160;upon the occurrence of certain
  conditions.&#160;&#160;As a condition to granting the Guarantee, the Company has
  a second position priority interest in all of the assets of TECH behind the
  Banks.&#160;&#160;Certain limited events of default under the Credit Facility
  will apply to the Company for as long as the Guarantee remains in place,
  including inaccuracy of representations and statements the Company, violation of
  covenants of the Company under the Guarantee, and material adverse change to the
  business of the Company. In addition, the Guarantee contains a limited number of
  covenants including requiring the obligations under the Guarantee to be <font style="DISPLAY: inline; FONT-STYLE: italic">pari passu</font> with all other
  indebtedness of the Company, making no substantial changes to the business, and
  not entering into a merger where the Company is not the surviving entity or that
  has a material adverse affect on its ability to repay the
  Guarantee.&#160;&#160;</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
  foregoing descriptions of the Credit Facility and&#160;Guarantee are only
  summaries and do not purport to be complete.&#160;&#160;The summaries are
  qualified in their entirety by reference to the actual agreements, which will be
  filed as exhibits to a future periodic or current report.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">
              <tr>
                <td align="left" valign="top" width="9%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Item
        2.02.</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-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Results
        of Operations and Financial
  Condition.</font></div>
                </td>
              </tr>
          </table>
        </div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On April
  2, 2008, the Company announced its financial results for the quarter ended
  February 28, 2008.&#160;&#160;The full text of the press release issued in
  connection with the announcement is attached as Exhibit 99.1 to this Current
  Report on Form 8-K.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">
              <tr>
                <td align="left" valign="top" width="9%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Item
        2.03.</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-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Creation
        of a Direct Financial Obligation or an Obligation under an Off-Balance
        Sheet Arrangement of a Registrant.</font></div>
                </td>
              </tr>
          </table>
        </div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
  information set forth under &#8220;Item 1.01, &#8220;Entry into a Material Definitive
  Agreement,&#8221; is incorporated herein by reference.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">
              <tr>
                <td align="left" valign="top" width="9%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Item
        2.05.</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-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Costs
        Associated with Exit or Disposal
  Activities.</font></div>
                </td>
              </tr>
          </table>
        </div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In the
  fourth quarter of fiscal 2007, the Company began pursuing a number of
  initiatives to drive greater cost efficiencies and revenue growth across its
  operations.&#160;&#160;These initiatives include workforce reductions in certain
  areas of the Company as the Company&#8217;s business is
  realigned.&#160;&#160;Additional initiatives include establishing certain
  operations closer in location to the Company&#8217;s global customers, evaluating
  functions more efficiently performed through partnerships or other outside
  relationships and reducing the Company&#8217;s overhead costs to meet or exceed
  industry benchmarks.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
  the second quarter of fiscal 2008, the first quarter of fiscal 2008 and the
  fourth quarter of fiscal 2007, the Company recorded restructure charges of $8
  million, $13 million and $19 million, respectively, consisting primarily of
  employee severance and related costs resulting from a reduction in the Company&#8217;s
  workforce.&#160;&#160;The first quarter charge also included a write-down of the
  carrying value of certain facilities to their estimated fair
  values.&#160;&#160;The Company anticipates that it will incur some level of
  restructure charges through the end of fiscal 2008 as it continues to implement
  these initiatives, but is currently unable to estimate the aggregate amount of
  the charges.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">This
  Current Report on Form 8-K contains forward-looking statements regarding the
  date of the TECH drawdown and 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.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
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              <tr>
                <td align="left" valign="top" width="9%">
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        9.01.</font></div>
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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>
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        </font></td>
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              <tr>
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        </font></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="73%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
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  herewith:</font></div>
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        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
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              <tr>
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                </td>
                <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
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                </td>
              </tr>
              <tr>
                <td valign="top" width="9%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: -0.7pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">99.1</font></div>
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        </font></td>
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        Release issued on April 2, 2008</font></div>
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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="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>
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                <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>
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        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div><br>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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  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.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">
              <tr>
                <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td valign="bottom" width="44%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td align="left" colspan="2" valign="top" width="31%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: -4.5pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">MICRON
        TECHNOLOGY, INC.</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td valign="bottom" width="44%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
              </tr>
              <tr>
                <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td valign="bottom" width="44%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td valign="top" width="25%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
              </tr>
              <tr>
                <td align="left" valign="middle" width="4%">
                  <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">Date:</font></div>
                </td>
                <td align="left" valign="middle" width="44%">
                  <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">April
        2, 2008</font></div>
                </td>
                <td align="left" valign="middle" width="6%">
                  <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">By:</font></div>
                </td>
                <td align="left" valign="middle" width="25%" 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-STYLE: italic; FONT-FAMILY: times new roman">/s/
        D. Mark Durcan</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td valign="bottom" width="44%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td align="left" valign="top" width="6%">
                  <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">Name:</font></div>
                </td>
                <td align="left" valign="top" width="25%">
                  <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">D.
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                </td>
              </tr>
              <tr>
                <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td valign="bottom" width="44%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
        </font></td>
                <td align="left" valign="top" width="6%">
                  <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">Title:</font></div>
                </td>
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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">President
        and Chief Operating Officer</font></div>
                </td>
              </tr>
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        <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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            <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
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        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
        <div>
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              <tr>
                <td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid">
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        </font></td>
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              </tr>
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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">99.1</font></div>
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text: q2_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
  April
  2, 2008
  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):
  o
  Written communications pursuant to Rule 425 under the Securities Act (17 CFR
  230.425)
  o
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
  240.14a-12)
  o
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
  (17 CFR 240.14d-2(b))
  o
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
  (17 CFR 240.13e-4c))
  Item
        1.01.
  Entry
        into a Material Definitive
  Agreement.
  On March
  31, 2008, the Company's joint venture subsidiary, TECH Semiconductor Singapore
  Pte. Ltd. ("TECH") entered into a new credit facility that enables it to borrow
  up to $600 million at SIBOR plus 2.5%, subject to customary covenants (the
  "Credit Facility").  In addition to TECH, the parties to the Credit
  Facility are ABN AMRO Bank N.V., Singapore Branch, Citibank, N.A., Singapore
  Branch / Citigroup Global Markets Singapore Pte Ltd, DBS Bank Ltd and
  Oversea-Chinese Banking Corporation Limited as Original Mandated Lead Arrangers
  and a syndicate of banks (collectively the "Banks").  The Credit
  Facility is available for drawdown from March 31, 2008 to December 31, 2008.
  TECH is expected to draw $220 million under the new credit facility on April 7,
  2008 and retire the amount outstanding under its previous credit facility by
  paying off $240 million.  Payments under the new facility are due in
  13 quarterly installments commencing in May 2009.  The Credit Facility
  is secured by all of the assets of TECH and contains customary affirmative,
  negative and financial covenants, including, among other requirements, negative
  covenants that restrict TECH's ability to create liens, incur indebtedness,
  merge or consolidate, acquire or dispose of assets, make distributions, enter
  into transactions with affiliates, enter into restrictive agreements and
  financial covenants that establish applicable liquidity ratios, debt service
  coverage ratios and limit the maximum leverage ratios that TECH can maintain at
  any one time.
  In
  addition, the Credit Facility contains events of default, that include, among
  others, non-payment of principal, interest or fees, violation of covenants,
  inaccuracy of representations or statements, cross-defaults to certain other
  indebtedness by TECH or the Company, bankruptcy and insolvency defaults of TECH
  or the Company, material adverse change to the business of
  TECH,  specific ownership requirements, material judgments, and
  non-extension of the term of the TECH joint venture.  The occurrence
  of an event of default could result in an increased interest rate, the
  acceleration of TECH's obligations under the Credit Facility and an obligation
  of TECH or the Company, under certain circumstances to repay the full amount of
  TECH's borrowings under the Credit Facility.
  In
  connection with the Credit Facility, on March 31, 2008, the Company entered into
  a Guarantee with ABN AMRO Bank B.V., Singapore Branch, as security agent for the
  Banks (the "Guarantee").  Pursuant to the terms of the Guarantee, the
  Company has guaranteed approximately 73% of the outstanding amount of the Credit
  Facility, with the Company's obligations increasing to 100% of the outstanding
  amount of the Credit Facility upon the occurrence of certain
  conditions.  As a condition to granting the Guarantee, the Company has
  a second position priority interest in all of the assets of TECH behind the
  Banks.  Certain limited events of default under the Credit Facility
  will apply to the Company for as long as the Guarantee remains in place,
  including inaccuracy of representations and statements the Company, violation of
  covenants of the Company under the Guarantee, and material adverse change to the
  business of the Company. In addition, the Guarantee contains a limited number of
  covenants including requiring the obligations under the Guarantee to be
  pari passu
  with all other
  indebtedness of the Company, making no substantial changes to the business, and
  not entering into a merger where the Company is not the surviving entity or that
  has a material adverse affect on its ability to repay the
  Guarantee.
  The
  foregoing descriptions of the Credit Facility and Guarantee are only
  summaries and do not purport to be complete.  The summaries are
  qualified in their entirety by reference to the actual agreements, which will be
  filed as exhibits to a future periodic or current report.
  Item
        2.02.
  Results
        of Operations and Financial
  Condition.
  On April
  2, 2008, the Company announced its financial results for the quarter ended
  February 28, 2008.  The full text of the press release issued in
  connection with the announcement is attached as Exhibit 99.1 to this Current
  Report on Form 8-K.
  Item
        2.03.
  Creation
        of a Direct Financial Obligation or an Obligation under an Off-Balance
        Sheet Arrangement of a Registrant.
  The
  information set forth under "Item 1.01, "Entry into a Material Definitive
  Agreement," is incorporated herein by reference.
  Item
        2.05.
  Costs
        Associated with Exit or Disposal
  Activities.
  In the
  fourth quarter of fiscal 2007, the Company began pursuing a number of
  initiatives to drive greater cost efficiencies and revenue growth across its
  operations.  These initiatives include workforce reductions in certain
  areas of the Company as the Company's business is
  realigned.  Additional initiatives include establishing certain
  operations closer in location to the Company's global customers, evaluating
  functions more efficiently performed through partnerships or other outside
  relationships and reducing the Company's overhead costs to meet or exceed
  industry benchmarks.
  During
  the second quarter of fiscal 2008, the first quarter of fiscal 2008 and the
  fourth quarter of fiscal 2007, the Company recorded restructure charges of $8
  million, $13 million and $19 million, respectively, consisting primarily of
  employee severance and related costs resulting from a reduction in the Company's
  workforce.  The first quarter charge also included a write-down of the
  carrying value of certain facilities to their estimated fair
  values.  The Company anticipates that it will incur some level of
  restructure charges through the end of fiscal 2008 as it continues to implement
  these initiatives, but is currently unable to estimate the aggregate amount of
  the charges.
  This
  Current Report on Form 8-K contains forward-looking statements regarding the
  date of the TECH drawdown and 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.
  Item
        9.01.
  Financial
        Statements and Exhibits.
  (d)  Exhibits.
  The
        following exhibits are filed
  herewith:
  Exhibit No.
  Description
  99.1
  Press
        Release issued on April 2, 2008
  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:
  April
        2, 2008
  By:
  /s/
        D. Mark Durcan
  Name:
  D.
        Mark Durcan
  Title:
  President
        and Chief Operating Officer
  INDEX
  TO EXHIBITS FILED WITH
  THE
  CURRENT REPORT ON FORM 8-K DATED APRIL 2, 2008
  Exhibit
  Description
  99.1
  Press
        Release issued on April 2, 2008