Chip Supply Shortages to Persist Beyond 2027, Micron Warns
Micron Technology reported fiscal third-quarter revenue and earnings that exceeded analyst expectations, driven by an artificial intelligence-fueled surge in demand for high-bandwidth memory. CEO Sanjay Mehrotra stated the company anticipates supply-demand tightness for memory chips to persist beyond 2027, as current production capacity struggles to keep pace with the rapid expansion of AI-driven data centers. … Read more