Micron CEO Says Memory Supply Will Be Much Tighter in 2027 and 2028 Than in 2026
Summary
Micron CEO Sanjay Mehrotra warns that memory and storage supply will be much tighter in fiscal 2027 and 2028 than in 2026, driven by AI demand. Despite new capacity and ongoing expansions, there is no clear path to balance, and more than 75% of 2027 output is already committed to customers; Micron's Idaho ID2 fab is not expected to start wafer output until late 2028. Memory prices for DRAM and NAND have risen, suggesting relief may be distant.