When you think about memory chips, you might think of South Korea.
That’s because semiconductor companies Samsung Electronics and SK Hynix dominate that market. But Micron Technology, Inc. (MU) has been gaining momentum.
The Idaho-based company is the only US manufacturer of cutting-edge DRAM memory chips and a major producer of NAND flash storage. Its products are used in everything from smartphones and personal computers to data centers and AI systems.
As demand for artificial intelligence continues to soar, so does the need for memory. AI data centers rely on advanced memory technologies to keep processors constantly supplied with data. Micron’s high-bandwidth memory (HBM), in particular, allows accelerators to process massive datasets in real time. This has helped fuel a dramatic turnaround in Micron’s business, driving record revenue and shareholder returns.
In fact, in the past 12 months, Micron’s share price has soared an extraordinary 861%. But as Forbes reminds us, memory companies are prone to a ton of volatility.
Micron navigated choppy waters in the early 2020s; in 2022, its stock dropped nearly 50% after consumer demand for smartphones and PCs slumped. As a result, the following year, the company shed 15% of its workforce.
Here’s a closer look at what Micron’s workforce looks like three years after that round of layoffs, as its stock trades near (albeit below) all-time highs.
How many employees does Micron have in 2026?
Since the company’s 2023 layoffs, Micron’s workforce has rebounded. According to the company’s most recent 10-K Report, Micron had 53,000 employees across Asia, North America, and Europe as of August 31, 2025. Looking forward, Micron projects that its broader investment strategy will support roughly 90,000 jobs in the coming years.
Micron’s workforce spans engineering, research and development, supply-chain management, sales, administration, and customer support roles — a mix of traditional white-collar professionals and highly specialized technical workers.
Micron’s clients include companies in the automotive, defense, aerospace, industrial, and medical-device industries.
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Where are Micron’s employees located?
As the only US-based memory chip maker, Micron has major memory manufacturing facilities in Boise, Idaho, and Manassas, Virginia. In addition, it is currently developing a site in Clay, New York.
The company also has offices in the following American cities:
- Austin, Texas
- Folsom, California
- Longmont, Colorado
- Minneapolis, Minnesota
- Richardson, Texas
- San Jose, California
- Syracuse, New York
Globally, Micron has offices in Mexico, China, India, Japan, Indonesia, Singapore, Taiwan, and South Korea.
Micron’s headquarters are in Boise, Idaho, and it also uses Boise as its hub for research and development. About 6,000 employees work at this campus, making Micron one of Idaho’s largest employers.
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Has Micron experienced layoffs recently?
In 2023, Micron conducted substantial layoffs of approximately 7,200 positions globally, equivalent to about 15% of its workforce at the time.
It also cut executive salaries and did not pay out bonuses.
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According to Idaho News 6, Micron CEO Sanjay Mehrotra cited excess supply and insufficient demand as the reasons for the reductions, adding that the company expected “strong demand growth across diverse end markets” over the longer term.
Why has Micron’s stock been down?
On June 23, 2026, Micron’s stock dropped 13.3% after South Korea’s Governor of Financial Supervisory Service Lee Chan-jin admitted that regulators were too hasty in approving highly leveraged ETFs tied to Samsung and SK Hynix.
Despite strong underlying demand, memory stocks around the world — including Micron — sold off sharply, as investors reassessed the entire sector.
Investors are likely to continue hearing about Micron, as its fiscal third-quarter earnings report will be released after the markets close today, on June 24, 2026. This report should shed more light on the company’s often turbulent prospects.
