Micron CEO Sanjay Mehrotra forecasts persistent memory chip shortages extending through 2028 and beyond, with customers facing significantly higher prices than current levels.
The memory manufacturer's warning comes as Micron reports substantial gains in revenue, profit, and margins. Mehrotra's statement signals tight supply conditions will continue to define the RAM market for years ahead.
The shortage outlook carries major implications for the computing industry. Suppliers, PC makers, and data center operators face extended pressure on procurement and budgets. Higher memory prices will likely increase system costs across consumer and enterprise segments.
Micron's strong financial performance reflects current market conditions favoring suppliers. The company's growth trajectory suggests continued pricing power as demand outpaces available supply.
The forecast extends beyond previous industry estimates, suggesting supply chains will struggle to match demand through at least 2028. This timeline encompasses both consumer computing cycles and major enterprise infrastructure refresh periods.
Manufacturers face capacity constraints despite industry investment in new production facilities. Mehrotra's projection underscores structural supply challenges rather than temporary disruptions.
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