Micron Says AI-Driven Memory Crunch Is ‘Unprecedented’ (1)

Nvidia Corp. supplier Micron Technology Inc. said an ongoing memory chip shortage has accelerated over the past quarter and reiterated that the crunch will last beyond this year due to a surge in demand for high-end semiconductors required for AI infrastructure.

“The shortage we are seeing is really unprecedented,” Micron Executive Vice President of Operations Manish Bhatia said in an interview shortly after the chipmaker held a groundbreaking ceremony for a $100 billion production site outside Syracuse, New York, on Friday, amplifying a similar forecast the company provided in December.

High-bandwidth memory required to make artificial intelligence accelerators is “consuming ...