‘Exploding’ Data Consumption Is Stabilizing Chip Industry, Micron CEO Says
- Mehrotra cites stable memory market supply amid strong demand
- Micron is among the best performers in the S&P 500 this year
Photographer: Tomohiro Ohsumi/Bloomberg
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Micron Technology Inc., the largest U.S. maker of memory chips, is benefiting from “exploding” data consumption that’s helping smooth the boom-to-bust cycles of growth the industry experienced in the past, Chief Executive Officer Sanjay Mehrotra said.
Demand from data-center operators and new artificial intelligence computing have “muted” fluctuations in the need for memory chips while supply increases have become more measured due to the increased technological complexity of improving manufacturing, Mehrotra said in an interview in New York on Tuesday.