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On February 5, 2002, the Company acquired 100% of Marconi Data Systems, formerly known as Videojet Technologies (âVideojetâ), from Marconi plc in a stock acquisition, for approximately $400 million in cash including transaction costs.
In 2015, Micron and Intel embarked on another joint venture, 3D XPoint non-volatile memory. Micron also acquired Tidal Systems. In December 2016, Micron finished acquiring the remaining 67% of Inoteraâs stake and made Inotera a 100% subsidiary of Micron in Taiwan. In April 2017, Micron announced Sanjay Mehrotra as the new President and CEO to replace Mark Durcan.