Technology is a broad concept that deals with an animal species' usage and knowledge of tools and crafts, and how it affects an animal species' ability to control and adapt to its environment. Technology is a term with origins in the Greek "technologia". However, a strict definition is elusive; "technology" can refer to material objects of use to humanity, such as machines, hardware or utensils, but can also encompass broader themes, including systems, methods of organization, and techniques.

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Micron Technology has confirmed it will eliminate as many as 2,000 positions by the end of the fiscal year due to 'deteriorating economic conditions' and 'decreased demand' for 200mm DRAM products.

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The company also announced plans to 'phase out' 200mm wafer manufacturing operations at its facility in Boise, Idaho.

'We remained hopeful that the demand for these products would stabilise in the marketplace and start to improve as we moved into the spring,' said Micron CEO Steve Appleton. 'Unfortunately, a better environment has not materialised, and we are at a point where we wanted to let our employees and the community know in advance what will occur later this summer.'

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.



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