Micron says chip shortage will "improve gradually" in 2028

Micron CEO Sanjay Mehrotra said the AI-driven global RAM and NAND shortage will persist through 2027 and improve gradually in 2028, but the company has no visibility on when supply will catch up with demand. Long fab-construction timelines, worker shortages, and regulations are slowing expansion. Micron reported $41.46 billion in Q3 2026 revenue, up 346% year-on-year, as major chipmakers prioritize data-center contracts over consumer hardware, driving DDR5 and SSD price spikes that have forced console makers to raise prices.

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Appeared in 2026-06-25.