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2023-12-21 11:41:29
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Micron Technology Achieves Revenue Growth for Six Consecutive Quarters, Driven by Demand for AI Chips
Micron Technology has achieved revenue growth for six consecutive quarters, primarily due to the surge in demand for AI chips. The company's newly launched HBM3E memory chip modules have been well received and are expected to generate hundreds of millions in revenue for the company in 2024. Micron is optimistic about the applications of AI in personal computers and mobile devices, planning to increase capital expenditures in fiscal year 2024 to meet production demands for the new memory modules. The CEO stated that the company’s HBM supply is sold out and predicts a significant increase in sales in the personal computer sector in 2024, driving demand for memory and storage.