Micron Technology today announced that the company plans to invest $ 35 million to provide financial assistance to various personnel affected by COVID-19. Micron will launch a new $ 10 million bailout fund from the Micron Foundation, increase employee allocation, and provide financial support to team members in the form of grants. In addition to cash donations, Micron will also speed up payments to small business suppliers and provide facilities and material support for emergency medical care.

Sanjay Mehrotra, President and CEO of Micron Technology, said: "Maintaining the health and safety of all Micron colleagues and partners, as well as the well-being of our communities, has become our number one priority. With the growing scale of the COVID-19 epidemic worldwide, , We are accelerating our actions to provide timely funding, materials and other support to those severely affected by the epidemic. "

The Micron Foundation $ 10 million COVID-19 bailout fund will be used for global initiatives to restore the economy to address current and future community needs. The funding will support a range of charitable actions and programs, including food banks, school meal programs, student health facilities, and online learning resources.

In addition, Micron will also implement a 2 to 1 matching donation for all COVID-19 outbreaks in the Micron Gives charity project, doubling the size of the donation. Micron is planning to provide more resources to the community, including providing 300,000 protective masks for local health agency staff, and borrowing company premises to ease overcrowding in hospitals.

Dee Mooney, Executive Director of the Micron Foundation, said: "The impact of COVID-19 on public health, economic development, and various aspects of daily life is extremely unpredictable. At this time, the role of the Micron Foundation and the Micron Gives project is even more critical. We have launched global community cooperation A network of partners to ensure that donated supplies arrive quickly and make the best use of them. "

Micron will also provide employees with a one-time COVID-19 grant: $ 1,000 to all U.S. employees with annual income less than $ 100,000, and an appropriate percentage of eligible Micron employees in other countries. This move will benefit more than 68% of Micron employees worldwide. In addition, Micron will provide financial assistance to employees facing financial difficulties, and each employee can receive up to $ 5,000 in subsidies based on actual needs.

April Arnzen, senior vice president of human resources at Micron Technology, said: "We pay close attention to the difficulties that this epidemic has brought to all of Micron's colleagues. Employees are vital to the company's development, and Micron issued a COVID-19 grant in the hope that it can ease their economic pressure . "

Micron is also speeding up payments to its more than 500 small business suppliers to ease the short-term cash flow difficulties these companies face across the globe.

Micron has launched community donations and employee matching donations in China, Italy, and the United States to help fight the COVID-19 epidemic.

About Micron Technology, Inc.

Micron is a global leader in innovative memory and storage solutions. Through its global brands Micron® and Crucial®, Micron has launched a series of high-performance storage and memory technology combinations including DRAM, NAND, 3D XPoint ™ memory, and NOR to change the world Use information to enrich your life. With 40 years of technology leadership, Micron's memory and storage solutions have helped disruptive trends in key markets such as mobile, data center, client, consumer, industrial, graphics, automotive, and networking, including artificial intelligence, 5G , Machine learning and autonomous driving. Micron's common stock is traded on the NASDAQ under the ticker symbol MU. To learn more about Micron Technology Inc., visit www.micron.com.

About the Micron Foundation

Since its inception in 1999, the Micron Foundation has donated more than $ 100 million to the communities where Micron team members live and work through philanthropy and human support. The foundation and Micron's corporate donation is driven by the Micron Gives organization, which promotes science and engineering education through donations, related programs and volunteer services, and addresses basic human needs. For more information, visit micron.com/foundation.