MU - Micron Just Changed the Game in Artificial-Intelligence Memory
2023-07-31 06:00:00 ET
Leading memory producer Micron Technology (NASDAQ: MU) and its peers are in one of the worst memory downturns in history, but the hope is that memory-hungry artificial-intelligence (AI) applications will help the industry dig itself out.
Micron had impressively caught up to and surpassed Samsung and SK Hynix in the most widely used forms of DRAM and NAND flash, as the first company to develop 1-beta DRAM and 232-layer NAND last year. But Micron had also fallen behind its competitors in the crucial high-bandwidth memory (HBM) market for AI.
HBM is high-capacity stacked DRAM crucial for training AI models and inferencing quickly, and it's considered one of the main bottlenecks to unlocking more powerful AI. HBM is a tiny 1% of the DRAM market today, but it's expected to grow at a 45% average growth rate or more for several years, because of its need in AI processing.
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Micron Just Changed the Game in Artificial-Intelligence Memory