Micron Technology Expects Positive Growth In The Memory Market

- Advertisement -
- Advertisement -
  • 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.

- Advertisement -

Plans about India

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.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

5G RedCap To Transform IoT Module Shipments

0
Over 60% of IoT module shipments will originate from the Asian & Oceania region. Automotive sector is expected to be a significant driver. The...
XR Headset Quest 3, Meta

Global XR Headset Shipments See A Major Decline, Sony Rises

0
Sony grabbed a market share of 24% in 2023 up from 1% in 2022. Bulky form factor, and lag, hinder adoption by serious...

Buzz

Tenstorrent- RISC V cores

MosChip Collaborates With Tenstorrent For Advanced RISC-V Cores

0
Tenstorrent has selected Moschip due to their tape out expertise in design services. India’s MosChip Technologies has announced partnership with computing company Tenstorrent and to...

BYD Aims For 20% Increase In Yearly EV Sales

0
The company is targeting sales of 500,000 vehicles internationally this year, over twice the amount sold last year, and aims to increase that figure...

RRP Electronics To Invest ₹5000 Cr In OSAT and R&D In Maharashtra

0
Cricket legend Sachin Tendulkar is investing in this semiconductor facility. Such celebrated personalities investing in the sector could be a great asset to the...

Important Sectors

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

BYD Aims For 20% Increase In Yearly EV Sales

0
The company is targeting sales of 500,000 vehicles internationally this year, over twice the amount sold last year, and aims to increase that figure...

RRP Electronics To Invest ₹5000 Cr In OSAT and R&D In Maharashtra

0
Cricket legend Sachin Tendulkar is investing in this semiconductor facility. Such celebrated personalities investing in the sector could be a great asset to the...

Subsidy Cuts Push E2W Makers Towards Budget Models

0
Electric two-wheeler manufacturers face reduced government subsidies and growing competition from established petrol vehicle brands in the upcoming fiscal year. These challenges compel them...

Nissan To Invest In Renault’s Ampere For EV Roadmap

0
The alliance aims to introduce both five-seater and seven-seater models for each brand in India. Japan's Nissan Motor has committed to investing in Renault's electric...

Manufacturing

JLR To Hire 250 Electrical Technicians For Future EVs

0
These new roles, part of a £15 billion investment, are in addition to 300 positions created last year by the British car maker. Jaguar Land...

Altmin India Partners With WMG To Advance Battery Tech

0
Altmin and WMG will collaborate to strengthen their global battery materials supply chain position by optimizing cathode materials and developing diverse cell designs across...

EVs To Cost Less Than Gas Vehicles by 2027, Says Gartner

0
Gartner predicts a faster decline in production costs compared to battery costs, which represent the most significant expense in an electric vehicle, accounting for...
MG

MG Motor To Set Up Battery Assembly Unit At Halol Facility

0
The company plans to investigate battery cell production in collaboration with external partners. Automaker MG Motor India is actively exploring the possibility of assembling and...

Servotech Boosts India’s EV Charging Infrastructure With Manufacturing Facility

0
The new facility is poised to start with an annual production capacity of 24,000 power modules and plan to scale up to 2.4 lakh...