Sanjay Merhotra

The memory crisis certainly isn't ending soon, as Micron confirm 'demand significantly in excess of our available supply for the foreseeable future'

Micron Technology has reported record revenue and profits but is facing a significant memory supply shortage, with demand far exceeding available supply for the foreseeable future. CEO Sanjay Merhotra stated that AI growth is a major driver of this demand, and while the company plans to increase output, it will take years for supply to meet AI needs. Micron also aims to maintain a diversified market mix including PCs, smartphones, and automotive sectors.