However, Appleton explained that the corporation maintained sufficient manufacturing capacity and did not expect any disruption in product supply. Micron will apprently continue to operate its 300mm research and development fabrication facility at the Boise site, while proceeding with reticle manufacturing, product design, quality assurance and systems integration. 

The above-mentioned restructuring charges will total approximately $50 million, which is expected to generate a gross annualised operating cash benefit of $150 million.

As IT Examiner previously reported, Micron recently reported significant first-quarter losses. Net loss amounted to $706 million, or 91 cents a share, as sales plummeted 8.7 per cent to $1.4 billion. Earlier projections had estimated a loss of only 45 cents a share. Nevertheless, the company managed to sell $157 million worth of products during the period it had previously written off and reported profit of $262 million, or 34 cents a share, in the year-earlier period.