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CEO of Micron Technology since 2017 and co-founder of SanDisk, leading one of the world's largest memory chip makers.
Counterpoint Research projects DRAM for humanoid robots will grow about 20-fold, from 8,300 terabits this year to 172,000 terabits in 2030. Memory per robot only about doubles, so by our calculation unit volume carries the rest.
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Samsung Electronics is expected to post 108.1 trillion won of third-quarter operating profit, nearly nine times last year's, in guidance due Thursday. With foundry, chip design and phones all losing money, that figure now moves with memory prices and the won.
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Micron plans about $25 billion of capital spending for the first half of its new fiscal year as its CEO says memory supply will tighten through 2028. Customers have signed supply contracts running to 2031, while the stock trades near seven times annualized guided earnings.
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DDR4 contract prices rose 4% in September to a record $26 after a 14% gain in July, while MLC NAND rose 0.44%. Analysts tie Micron's shrinking earnings beats to multi-year supply deals, so the peak may show up in results before it shows up in contract prices.
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Micron's latest guidance says memory and storage supply will be much tighter in 2027 and 2028 than in 2026. Teams buying hardware for those years should plan without relief, since the company says it cannot see when supply and demand will balance again.
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Micron's fiscal fourth-quarter revenue reached $54.23 billion, up from $11.32 billion a year earlier, on demand for memory in AI data centers. Guidance of about $61.5 billion for the next quarter makes memory pricing a cost that teams building AI hardware should plan for through 2027.
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Micron CEO Sanjay Mehrotra expects memory supply to be much tighter in 2027 and 2028 than in 2026. With most of Micron's 2027 output already committed, buyers should budget for high memory prices through 2028.
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Micron forecast $61.5 billion in quarterly revenue after sales rose 379% to $54.23 billion as AI buyers took every memory chip it could make. Anyone budgeting servers or laptops for next year has good reason to price memory at today's rates until new factories add supply.
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Hang Ten Systems has raised $85m across two seed rounds that closed thirty-five days apart, the second larger than the first, priced on enterprise contracts the company describes only as multi-million-dollar.
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Vishal Sikka's four-month-old startup added $53 million five weeks after a $32 million seed. It says two to four engineers can deliver what once took about 30 people, with customers or third parties still running the final quality checks.
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A billion dollars a year buys Micron a US research base, not parity. Samsung's research line alone last year was larger than everything Micron spent on plant and R&D combined.
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The DRAM shortage has stopped being a datacenter capex line. Amazon is recovering it at retail, and the arithmetic says the pass-through is only partly done.
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The $10bn research lab is roughly 4% of what Micron has already committed to American plants, and about 1.6 times its CHIPS award. The signal is the horizon, not the size.
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US AI-related corporate debt has gone from $12.5B to roughly $220B in a year. Amazon reportedly gave concessions on $25B, and some large buyers say they are near their exposure limits.
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Micron, Sandisk, Seagate and Western Digital ran 500% to 900% and more since the start of 2025. The recent reversal is the first real market test of the thesis behind it.
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Micron's stock is up more than tenfold since end-2024 and it is spending $50 billion at home. Its employees and its host city now hold the same cyclical bet three ways.
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