September 29, Boise based Micron reports losing money for the first time since 2009.  For the quarter ending September 1, Micron lost U.S.$135 million.

That’s a big drop compared to the previous quarter when the Idaho memory chip maker (they also make computers) reported a $75 million profit!

The loss is being blamed on a drop in chip prices, and a drop in sales.

Things got so bad in 2009, that Micron laid off more than half it’s Idaho work force! It has not recovered.

To make matters worse, Micron is facing a court case in which a California competitor claims Micron colluded with a South Korean company to price fix certain types of memory chips.  If they lose the case Micron could be hit with a $11.9 billion fine!