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Micron CEO Mehrotra: Uses of DRAM the Most Diverse of Any Time in History

Following a report this afternoon by chip maker Micron Technology (MU) that easily beat fiscal Q3 revenue and earnings expectations, and a higher forecast for this quarter as well, newly installed chief executiveSanjay Mehrotra was kind enough to take a few minutes to talk to me by phone.

Mehrotra started the job just last month, taking over from the retiring Mark Durcan. Mehrotra previously spent 28 years building SanDisk, which was bought last year by Micron’s competitor Western Digital (WDC).

Among the topics we discussed was the surging prices and volume of sales of DRAM and NAND this year. I posed to Mehrotra that some investors are worried about the eventual “correction” in prices and when things may fall apart.

Mehrotra first pointed out that artificial intelligence, self-driving cars, “data analytics,” and other expanding markets “are continuing to drive memory and storage demand,” and that “we do see continued positive trends and in multiple mega markets."

Uses for DRAM "really have diversified compared to any time in the past,”...


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