Micron CEO says AI demand is outpacing memory supply
Micron CEO Sanjay Mehrotra says AI has changed memory economics, with data-center customers seeking roughly 50% more supply than the company can commit.
MU CEO Sanjay Mehrotra said AI has changed memory economics, with data-center customers seeking roughly 50% more supply than the company can commit.
The Details: • AI demand: Mehrotra said AI systems require more, higher-performance, and lower-power memory. • Boise production: Micron expects its first Boise fabrication plant to begin wafer production in mid-2027. • U.S. investment: The company is planning $250B of U.S. manufacturing and research investment, including two Boise fabs. • Contracting: Micron signed five-year strategic agreements with 16 customers in late June and has added more agreements since. * Micron says AI-driven memory demand exceeds its available supply and supports its expanded U.S. manufacturing plans.