Chipmaker Micron's CEO to take voluntary 50 percent pay cut

(Reuters) - Micron Technology Inc said Chief Executive Mark Durcan will take a voluntary 50 percent cut in his base salary, amid cost-cutting at the memory chipmaker. The cut, which is temporary, reduced Durcan's annual base salary to $525,000, effective Oct. 18, the company said in a filing on Friday. Micron, which makes both dynamic random access and NAND flash memory chips, has struggled with weak demand for its chips used in computers.