Reported 9 months ago
Micron CEO Sanjay Mehrotra is optimistic about AI demand driving a wave of PC upgrades, revealing that major PC and smartphone manufacturers are already hoarding chips in response to rising prices. To meet AI demand, Micron is actively building factories, with capital expenditure expected to increase significantly starting from September this year. With AI demand boosting sales of Micron's high-bandwidth memory chips (HBM), the company saw a turnaround from loss to profit last quarter. Micron expects record revenue next year thanks to the expanding AI demand, as well as anticipating significant growth in DRAM and NAND chip demand.
Source: YAHOO