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Micron CEO Sanjay Mehrotra announced a $10 billion investment over the next decade to build new R&D labs, stating that artificial intelligence has ended the cyclical fluctuations in the memory chip industry.
Micron CEO Sanjay Mehrotra announced on August 20 that the company plans to invest $10 billion over the next decade to build new Micron Research Labs, headquartered in Boise, Idaho, with construction slated to begin in 2027. Mehrotra stated that the rise of artificial intelligence (AI) has changed the behavior of memory chip buyers, permanently ending the industry's cyclical fluctuations. The lab will focus on memory technology, computing architecture, packaging, and future semiconductor manufacturing.
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