Micron CEO on Expanding Chip Production, Memory Demand

Summary

Micron CEO Sanjay Mehrotra discusses the company's expansion of DRAM manufacturing in the US, highlighting the critical role of memory for AI and other key sectors. He notes that memory shortages will persist beyond 2026 and that Micron's investments will quadruple production at its Manassas, Virginia site, with additional fabs in Boise and New York. The interview emphasizes Micron's technology leadership and the importance of resilient supply chains for US customers.

• Micron starts production of 1-alpha DRAM in the US to serve automotive, aerospace, defense, and networking industries.
• Mehrotra expects memory shortages to continue well past 2026 due to AI-driven demand.
• Micron plans to onshore 40% of its DRAM manufacturing over the next decade, up from 10% today.
• The company is investing $200 billion in US fabs and expects to create 90,000 jobs.
• Micron's Boise fab will produce first wafers by mid-2025, with a second fab starting by end of 2028.
• Mehrotra highlights Micron's technology leadership in both DRAM and NAND.
• The CEO stresses disciplined capacity additions to match demand, with current supply meeting only 50-67% of customer requirements.