Sanjay Mehrotra participated in a CEO meeting with President Donald Trump during a state visit from China's President Xi Jinping.

Sanjay Mehrotra co-founded the flash memory company SanDisk.

Micron CEO Sanjay Mehrotra predicts the current shortage of memory chips will continue well beyond 2026.

Micron CEO Sanjay Mehrotra predicts the current shortage of memory chips will continue well beyond 2026.

The memory supply shortage has expanded beyond leading-edge memory to include long-lifecycle products like DDR4 memory used in automotive and industrial applications.

The launch of ChatGPT in the fall of 2022 created a major inflection point in the demand for memory.

Sanjay Mehrotra predicts that capital expenditures from Micron's customers will reach $1 trillion in the coming few quarters.

In 2021, high-bandwidth memory (HBM) constituted less than 1% of the total memory industry.

The construction of a new semiconductor fab, from groundbreaking to first wafer output, takes approximately 3 to 4 years.

Micron Technology is the only U.S. company that manufactures semiconductor memory.

The increasing use of larger context windows and key-value caching in large language models requires more and higher-performance memory.

The growth of agentic AI is leading to a tremendous increase in demand for memory.

The supply of memory is extremely short relative to current demand, driven by the needs of AI.

Investments in new semiconductor capacity were slowed down during the industry downturn in 2023, contributing to current supply shortages.

The DRAM market has consolidated to only three major companies.

Successive generations of memory technology are yielding lower productivity gains in terms of gigabits per wafer.

High-bandwidth memory (HBM) chips are becoming larger in die size, which requires more wafers per chip and contributes to supply shortages.

In its December 2023 earnings call, Micron Technology stated that the supply of leading-edge memory would tighten in 2024 and 2025.

Micron Technology is investing $200 billion in the United States to build out memory manufacturing capacity.

Micron Technology is the only company in the Western Hemisphere that manufactures memory.