Sanjay Mehrotra, CEO of Micron Technology, said on Thursday that artificial intelligence has fundamentally changed the storage industry. This is an industry that has always been prone to boom and bust cycles. “Today, we can't talk about artificial intelligence without memory. Artificial intelligence systems require more memory, higher performance memory, and lower power consumption memory. As a result, the value logic of memory has been completely rewritten.” He said that even if Micron makes full production, it is still unable to meet the needs of this part of the market. “All of our customers in each terminal market will purchase all the products we produce.” He added that the current procurement needs of data center customers are about 50% higher than what Micron can promise.

Sanjay Mehrotra, CEO of Micron Technology, said on Thursday that artificial intelligence has fundamentally changed the storage industry. This is an industry that has always been prone to boom and bust cycles. “Today, we can't talk about artificial intelligence without memory. Artificial intelligence systems require more memory, higher performance memory, and lower power consumption memory. As a result, the value logic of memory has been completely rewritten.” He said that even if Micron makes full production, it is still unable to meet the needs of this part of the market. “All of our customers in each terminal market will purchase all the products we produce.” He added that the current procurement needs of data center customers are about 50% higher than what Micron can promise.