TechThe Information48m ago
Revenue Quintupled at AI Memory Maker Micron
TL;DRMicron's AI chip memory sales surged dramatically with massive profit margins.
Why it matters: Shows explosive AI hardware demand is sustaining price premiums, signaling sustained chip scarcity and AI infrastructure buildout.
Memory maker Micron said revenue nearly quintupled to $54.2 billion in the quarter ending Sept.3, as demand for high-bandwidth memory hardware for AI chips showed no sign of slowing down. Micron’s gross margin nearly doubled to $86.8%, thanks to its price hikes, allowing it to…
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