at the IdahoStatesman.com website.
The state of Idaho is batting on Micron's behalf and seeking U.S. Department of Energy approval to distribute $5 million of stimulus funds from the Idaho Office of Energy Resources, the report said.
Micron has been cutting staff and closing down DRAM production for some time and has also moved flash memory manufacture into a joint venture with Intel called IM Flash Technologies LLC.
But Micron has also been diversifying out of memory manufacture and towards other applications that have the same high volume standard product attributes while being simpler to make and with higher market values and margins. Micron has formed a subsidiary company, Aptina Imaging Corp. (San Jose, Calif.), to market CMOS image sensors, and on Wednesday (May 20) announced it was moving into the microdisplay panel market through the acquisition of technology and products from Displaytech Inc. (Longmont, Colorado).
However, Micron's desire to get into more profitable areas of semiconductor manufacturing is not limited to image sensors and displays, according to the IdahoStatesman.com
Micron is seeking to get into the "high brightness" LED market, the article states, beginning with the manufacture of prototype LED lighting modules within three months and moving on to volume production in the first half of 2010 and fully-ramped production in 2011.
The $5 million injection is aimed at Micron's LED business, but the company is also working on a proposal to for additional stimulus money from the U.S. Department of Energy for a separate solar panel business, the report said quoting Paul Kjellander, director of the Office of Energy Resources.
Related links and articles:
Micron moves into microdisplay panel market
Micron regains No. 3 spot in DRAM
Micron seeks aid as it rejects Taiwan Memory