(NASDAQ: MU) is one of the world's largest producers of DRAM and NAND memory chips. It also represents the easiest way for U.S. investors to invest directly in the secular expansion of the memory chip market for two reasons.

First, Micron's largest competitors, Samsung and SK Hynix, are based in South Korea and don't trade on any U.S. exchanges. Second, Micron is a "pure play" on the memory market, not selling other types of chips or products. By comparison, Samsung sells a broad range of other chips and consumer electronics, while Western Digital (NASDAQ: WDC) sells traditional hard drives and solid-state drives along with its NAND chips.

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Source Fool.com