Micron Technology, Inc., a leading semiconductor company, has announced the resumption of its stock repurchase program as of August 7, 2024. The program, which allows for stock repurchases through various market transactions, was initially authorized by the company's Board of Directors on May 21, 2018. However, due to an industry downturn, Micron temporarily suspended the program on December 21, 2022. The decision to restart the repurchase program reflects improved market conditions and Micron's intention to manage dilution from its employee stock purchase programs. The company also reaffirmed its commitment to strengthening its balance sheet and maintaining its investment grade credit rating. The announcement was made in accordance with a Form 8-K filing with the United States Securities and Exchange Commission.

Micron Technology, Inc., a leading semiconductor company, has announced the resumption of its stock repurchase program as of August 7, 2024. The program, which allows for stock repurchases through various market transactions, was initially authorized by the company's Board of Directors on May 21, 2018. However, due to an industry downturn, Micron temporarily suspended the program on December 21, 2022. The decision to restart the repurchase program reflects improved market conditions and Micron's intention to manage dilution from its employee stock purchase programs. The company also reaffirmed its commitment to strengthening its balance sheet and maintaining its investment grade credit rating. The announcement was made in accordance with a Form 8-K filing with the United States Securities and Exchange Commission.