EXHIBIT 10.118

                               Irrevocable Proxy
                     (Canadian Imperial Bank of Commerce)

        Canadian Imperial Bank of Commerce ("CIBC"), a Canadian bank, hereby 
irrevocably appoints such persons to be serving from time to time as the 
Chairman of the Board of Micron Technology, Inc., a Delaware corporation 
("Micron"), the Chief Financial Officer of Micron, and each of them alone, as 
his or her true and lawful proxy and attorney-in-fact, with full power of 
substitution and resubstitution (i) to represent J.R. Simplot Company, a Nevada 
corporation (the "Company"), at the annual meetings of the stockholders of 
Micron to be held in 1996, 1997, 1998, 1999, 2000, 2001 and 2002, and at any 
adjournment thereof, and to vote, in his or her discretion (including 
cumulatively, if required) 2,600,000 shares (the "Shares") of common stock, $.10
par value, of Micron held by the Company; (ii) to represent the Company at any 
special meeting of stockholders of Micron, and at any adjournment thereof, and 
to vote (including cumulatively, if required) all the Shares in his or her 
discretion; and (iii) to vote all the Shares in his or her discretion upon such 
other matter or matters which may properly come before the stockholders of 
Micron by written consent or otherwise.

        This Irrevocable Proxy may be exercised at any time after the date 
hereof and prior to June 27, 2003, except that such proxy shall expire 
immediately upon the termination for any reason of the dividend swap transaction
contemplated by the letter agreement by and between the Company and CIBC dated 
June 28, 1996.

Dated: June 28,1996                         CANADIAN IMPERIAL BANK OF
                                            COMMERCE


                                            By:/s/ Eric Claus          
                                               ------------------------

                                            Name: Eric Claus
                                                 ----------------------

                                            Title: Vice President
                                                  ---------------------

                                            By: /s/ Bruce J. Berger

                                            Name: Bruce J. Berger

                                            Title: Vice President