'Our HBM is sold out for calendar 2024,' trills CEO
The Boise, Idaho memory maker reported revenue of $5.82 billion for its fiscal Q2 2024 ended February 29, up more than 50 percent year-on-year.
"AI server demand is driving rapid growth in HBM, DDR5, and datacenter SSDs, which is tightening leading-edge supply availability for DRAM and NAND," he added. "Memory and storage technologies are key enablers of AI in both training and inference workloads, and Micron is well-positioned to capitalize on these trends in both the datacenter and the edge. We view Micron as one of the biggest beneficiaries in the semiconductor industry of this multiyear growth opportunity driven by AI," he said."Our HBM is sold out for calendar 2024, and the overwhelming majority of our 2025 supply has already been allocated," Mehotra added.