MICRON TECHNOLOGY INC (MU) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that MICRON TECHNOLOGY INC surfaced in its latest filing.

• CAC's May 2023 cybersecurity review determined that critical information infrastructure operators in China may not purchase Micron products.May 2023
• In December 2024, Micron entered into direct funding agreements with the United States Department of Commerce under the CHIPS Incentives Program to fund construction of fab facilities in Idaho and New York.December 2024
• In June 2025, the direct funding agreements were amended to expand investments, and an additional direct funding agreement was entered into to fund expansion and modernization of a fab in Virginia.June 2025
• On April 14, 2025, the U.S. Bureau of Industry and Security initiated a Section 232 investigation into the semiconductor industry's effects on U.S. national security.April 14, 2025
• On February 20, 2026, the administration announced new trade investigations under Section 301 of the Trade Act of 1974.February 20, 2026
• On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was enacted, introducing broad changes to the U.S. tax code effective beginning in 2026 and 2027.July 4, 2025
• Board authorized up to $10 billion in share repurchases, with approximately $2.16 billion remaining.
• Micron has a $2.00 billion Revolving Credit Facility.