Micron Technology Expects Positive Growth In The Memory Market

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  • The long-term trajectory of memory and storage requirements shows positive growth
  • 5G will be the major driver of new smartphone sales across the globe
  • Micron India will be a key part of the overall global footprint of the company
  • The US and Europe continue to remain very large markets for Micron

According to the recent report by Telangana Today, Micron Technology expects positive growth in the memory market. The company also identified 5G as the major factor behind this growth.

Sanjay Mehrotra, president, and CEO, Micron Technology, told the news daily that the long-term trajectory of memory and storage requirements shows positive growth. He added that 5G will be the major driver of new smartphone sales across the globe, which because of its high-speed performance, will drive a greater need for memory and storage content.

Plans about India

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Talking about India, he added that India will be one of the major hubs for innovation. There are already 700 people on board, with an equal split of product engineering and IT professionals. Operations will be expanded here to make India one of the 3-4 largest sites of Micron in the world. Micron India will be a key part of the overall global footprint of the company.

He informed Telangana Today that Micron finds Asia as a big market with a strong footprint in China, Japan, and South Korea. India is also growing fast. The US and Europe continue to remain very large markets for Micron.

Mehrotra also noted that artificial intelligence and machine learning will remain important for the company. Also, 5G and Internet of things (IoT) are being looked at seriously.

Recently, Micron Technology Inc. also launched its Global Development Centre in the IT corridor in Hyderabad. The company also said that it is planning a four-fold increase in hiring for its research & development (R&D) operations in India to support its global manufacturing operations.

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