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Search results for Sanjay Mehrotra

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

Apple considers CXMT memory as shortage drags on

Apple is reviewing memory products from Chinese maker CXMT as memory supply shortages persist. Japanese ITmedia reported Apple is evaluating CXMT components while seeking assurances from the U.S. Commerce Department that CXMT will not be added to the Entity List. Analysts say the move reflects a longer-than-expected shortage and rising costs. Research firm TechInsights sees memory and storage costs for a future iPhone potentially rising sharply. Micron executives cited past customer price pressure and a 2023 downturn that cut investment.

AI & Enterprise

HBM shortage puts AI cloud on alert; CoreWeave hedges prices to tackle \'chipflation\'

A surge in AI infrastructure demand is pushing memory chip prices higher, adding pressure to cloud providers’ profit structures. CoreWeave plans to respond with a risk management strategy combining long-term supply contracts and financial techniques. Micron’s results and TrendForce forecasts highlight persistent shortages of high-bandwidth memory used in AI servers. Morgan Stanley said “chipflation” is reshaping pricing. CoreWeave says it is considering hedges such as derivatives, though discussions remain at an early stage.