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AI & Enterprise

Micron CEO says AI has fully changed memory industry, breaking boom-bust formula

Micron CEO Sanjay Mehrotra said the spread of AI is fundamentally changing the memory industry’s business structure and breaking the old boom-and-bust pattern driven by pricing and oversupply. He said memory has become core infrastructure for AI systems, which require more capacity, higher performance and lower power. Micron plans to invest $250 billion in U.S. production and research and is building major facilities near Boise, Idaho.

Industry

Micron shares jump nearly 8 percent after new U.S. supply chain investment plan

Micron shares jumped sharply after the company announced new investment aimed at strengthening the U.S. semiconductor supply chain. The stock rose 7.9 percent to close at $1,023.79, regaining the $1,000 level. Micron said it will make up to $3 billion in new strategic investments and expand its U.S. investment plan through 2035. The plan includes support for GlobalWafers’ Texas operations and a 10-year silicon wafer supply agreement.