Last week I and several other Micron executives gave presentations to investors as part of the annual Micron Analyst Conference. This is a time to highlight our financial position, talk about the strides in each of our business units, and I get to talk about the innovative technology that keeps coming out of Micron.
I spoke about accelerating DRAM technology to improve our competitive position, our 3D NAND innovation with the world’s smalls 256Gbit die, and delivering the first generation of 3D XPoint running in manufacturing.
We don’t do what we do for the accolades, but it’s always rewarding to have our hard work recognized. Last month, Micron Technology was named to Clarivate Analytics’ list of top 100 Global Innovators for the fifth straight year. In the words of Clarivate Executive Vice President David Brown, Micron received the award “in recognition of (our) outstanding commitment to innovation, the protection of ideas and the commercialization of inventions.”
Let’s be clear—this is no small feat. Clarivate’s report honors the most innovative corporations and institutions in the world. It puts Micron side by side with the likes of Google developing the self-driving car and Amazon pioneering drone technology. But that’s exactly where we belong.
Looking back on our nearly 40 years of innovation, we’ve racked up no fewer than 26,000 patents. Our marketing copy does not exaggerate when it proclaims that our products are used in nearly every electronic device available today that makes computing faster, communications more efficient, energy greener and more. This is innovation on a scale, and to a degree, that money alone simply cannot buy. It’s the very spirit of who we are. And our planned expansion of our R&D fabrication plant in Boise is proof that our commitment to innovation is only getting stronger and more focused.
In putting together its 2016 report, Clarivate Analytics made some interesting findings. Formerly the IP & Science Business of Thomson Reuters, Clarivate bases the report on patent volume, patent-grant success rates, global reach and invention influence, using a robust analysis of unique and proprietary data. The 2016 report revealed a distinct shift in strategy among the world’s top innovators, from quantity to quality of innovations.
The firms on last year’s list generated a combined $4 trillion-plus in revenue in 2015 and spent more than $227 billion on research and development. On average, the 2016 Top 100 Global Innovators invest 9.1 percent more in R&D than those in the S&P 100, underlining the importance they place on innovation.
Congratulations to our R&D and IP teams, and to all of Micron’s employees, on the hard work that led to our achieving this distinguished recognition.
Check out the full report and list of innovators here.