Micron Technology CEO Attributes Memory Shortage to Aggressive Pricing by Customers
Micron Technology (MU) CEO Sanjay Mehrotra stated that aggressive pricing pressure from customers contributed to a memory shortage, as it led the industry to be underinvested before AI demand surged. He noted prices fell to one-third of prior levels in 2023 and expects supply constraints to persist beyond 2027 due to long lead times for new semiconductor fabrication plants.
Topics: capital investment memory shortage pricing pressure semiconductor industry