Compared to the rest of the industry.
Micron Technology CEO Sanjay Mehrotra at the quarterly report conferences said that the demand for DRAM and NAND memory chips in the automotive segment in the long term will grow twice as fast as in the rest of the industry. Accordingly, the company will strengthen its own position in this market segment.
Image Source: Micron Technology
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This year, Micron has seen a decline in memory demand in the PC, mobile devices and consumer electronics segment, but the cloud, telecommunications, automotive and industrial sectors have resisted this trend so far. What’s more, Micron Technology’s embedded memory division achieved record revenue of $1.4 billion last quarter, up 12% sequentially and 30% year-on-year. Revenue records were updated in the automotive and industrial sectors.