Micron CEO: AI has 'totally changed' the equation for the boom-and-bust memory industry
Micron CEO Sanjay Mehrotra explains that AI has fundamentally shifted the memory chip industry from a cyclical boom-and-bust model to a durable, strategic necessity. The company is investing $250 billion in U.S. manufacturing to meet the growing demand for high-performance memory in AI systems and autonomous devices.
Why it matters
This shift suggests a long-term structural change in the semiconductor industry, signaling that AI infrastructure is becoming a permanent, high-value economic pillar.
Micron CEO Sanjay Mehrotra said on Thursday artificial intelligence has fundamentally changed the memory business , an industry prone to boom-and-bust cycles.
"Today there is no AI without memory. AI systems need more memory. They need higher performance memory. They need lower power memory," Mehrotra told Jim Cramer on " Mad Money ." "So, the value of memory, that equation has totally changed."
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