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Micron Technology forecasts worsening memory shortage through 2028
Micron Technology has reported record-breaking financial results, driven by the massive demand for artificial intelligence infrastructure. The company's quarterly revenue reached $54.23 billion, a nearly fivefold increase from the previous year, with net income hitting $37.7 billion.
CEO Sanjay Mehrotra warned that the global memory shortage is expected to intensify through fiscal 2027 and 2028. The surge in AI development has shifted production capacity toward high-bandwidth memory (HBM), which is essential for AI accelerators, thereby reducing the supply of traditional DRAM and NAND flash for consumer electronics.
Micron's market position is bolstered by long-term commitments; customer obligations under supply agreements have risen to $32 billion, and remaining performance obligations (RPO) have reached approximately $150 billion. Notably, over 75% of the company's 2027 output is already committed. To meet future demand, Micron plans to increase its total U.S. investment to more than $250 billion through 2035 and is working with NVIDIA on next-generation HBM technologies.
Looking ahead, the company anticipates that the rise of humanoid robotics will create further demand, estimating that each robot could require over 200GB of DRAM and multiple terabytes of NAND flash memory.
Entities
Citigroup · Intel · Manish Bhatia · Mark Murphy · Micron · Micron Technology · Nvidia · Sanjay Mehrotra
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Remaining performance obligations (RPO) have increased to approximately $150 billion. www.semimedia.cc
- [● 9 SOURCES] Memory supply and demand conditions are expected to be tighter in fiscal 2027 and 2028 than in fiscal 2026. t3n.de · www.semimedia.cc · www.gamestar.de · www.glitched.online · kryptomagazin.cz · +4 more
- [● 2 SOURCES] The total value of customer commitments under long-term supply agreements has risen to $32 billion. www.semimedia.cc · denar.mk
- [○ 1 SOURCE] Micron plans to increase its total U.S. investment to more than $250 billion through 2035. www.semimedia.cc
- [● 5 SOURCES] HBM growth is expected to outpace traditional DRAM through 2028. www.semimedia.cc · www.glitched.online · www.otakupt.com · tinhte.vn · thenextweb.com
- [● 3 SOURCES] More than 75% of Micron's 2027 output is already committed. www.glitched.online · www.otakupt.com · thenextweb.com
- [○ 1 SOURCE] Micron estimates that each humanoid robot will require over 200GB of DRAM and multiple terabytes of NAND flash memory. tinhte.vn
- [● 2 SOURCES] Micron reported quarterly revenue of $54.23 billion, a nearly fivefold increase from the previous year. www.boersennews.de · thenextweb.com