News

Business

On HALO

3 weeks ago

Micron CEO says AI boom drives 'unprecedented' memory demand as company invests $250B

Micron CEO Sanjay Mehrotra detailed the company’s new $250 billion U.S. investment as the chip-making giant responds to surging demand for memory storage in the age of artificial intelligence.The Boise-based technology company announced Thursday the billion-dollar investment will help Micron’s long-term objective of producing 40% of its DRAM chips in the United States."The demand for memory is at unprecedented levels. Memory is in deep shortage right now," Mehrotra told "The Claman Countdown" on Thursday.With existing semiconductor facilities in Idaho and Virginia, Micron is expanding its foot...