The new segment, called “cloud memory business unit”, will focus on products used by hyperscalers, as well as its high-bandwidth memory (HBM) chips that help perform data-intensive AI tasks quickly. HBM chips are closely watched by investors due to their use alongside AI graphic processors, particularly Nvidia’s. Micron is one the top three memory chipmakers in the world, besides South Korea’s SK Hynix and Samsung. In March, Micron forecast quarterly revenue above Wall Street estimates, backed by demand for HBM.Read More
