Micron Says Memory Shortage Will 'Persist' Beyond 2026

Micron, one of the world's three largest memory suppliers, expects the global shortage of DRAM and NAND flash memory to 'persist through and beyond' 2026 as AI-driven demand continues to outstrip supply. CEO Sanjay Mehrotra made the forecast during the company's latest earnings call on Wednesday, saying that 'supply will remain substantially short of the demand for the foreseeable future.' The company posted record quarterly revenue of $13.64 billion, up from $8.71 billion in the same period last year.

Micron recently shuttered Crucial, its consumer-facing brand, to focus on high-bandwidth memory for AI data centers. HBM technology requires three times the silicon wafers of standard DRAM, leaving fewer resources for the chips that go into PCs, smartphones and cars. Micron plans to boost DRAM and NAND shipments by 20 percent next year but acknowledged this won't meet demand. New facilities in Idaho and New York are slated for 2027 and 2030 respectively.

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