Latest news with #RajNarasimhan
Yahoo
19-04-2025
- Business
- Yahoo
Micron Announces Business Unit Reorganization to Capitalize on AI Growth Across All Market Segments
BOISE, Idaho, April 17, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), a leader in innovative memory and storage solutions, today announced a market segment-based reorganization of its business units to capitalize on the transformative growth driven by AI, from data centers to edge devices. Micron has maintained multiple generations of industry leadership in DRAM and NAND technology and has the strongest competitive positioning in its history. Micron's industry-leading product portfolio, combined with world-class manufacturing execution enables the development of differentiated solutions for its customers across end markets. As high-performance memory and storage become increasingly vital to drive the growth of AI, this Business Unit reorganization will allow Micron to stay at the forefront of innovation in each market segment through deeper customer engagement to address the dynamic needs of the industry. Micron will begin transitioning to this new business structure immediately. The transition will be complete early in the company's fiscal fourth quarter, which begins on May 30, 2025. Micron will report financial results under the new business structure starting with the fourth quarter of fiscal year 2025. The four business units will be: Cloud Memory Business Unit (CMBU): Focused on memory solutions for large hyperscale cloud customers, and high-bandwidth memory (HBM) for all data center customers. Raj Narasimhan, Senior Vice President and General Manager, who has led the Compute and Networking Business Unit (CNBU), will lead CMBU. Core Data Center Business Unit (CDBU): Focused on memory solutions for OEM data center customers and storage solutions for all data center customers. Jeremy Werner, Senior Vice President and General Manager, who has led the Storage Business Unit (SBU), will lead CDBU. Mobile and Client Business Unit (MCBU): Focused on memory and storage solutions for mobile and client segments. Mark Montierth, Corporate Vice President and General Manager, who has led the Mobile Business Unit (MBU), will lead MCBU. Automotive and Embedded Business Unit (AEBU): Focused on memory and storage solutions for the automotive, industrial and consumer segments. Kris Baxter, Corporate Vice President and General Manager, who has led the Embedded Business Unit (EBU), will lead AEBU. All four business units will continue to report to Sumit Sadana, Executive Vice President and Chief Business Officer. "This reorganization completes our evolution to a market segment-focused business unit structure, with exciting AI-led growth opportunities in every business unit,' said Sumit Sadana, EVP and Chief Business Officer at Micron Technology. 'This structure sharpens our ability to partner deeply with customers and build on our tremendous portfolio momentum with differentiated solutions for all end markets.' About Micron Technology, Inc. Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit © 2025 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners. Micron Media Relations Contact Mark Plungy+1 (408) 203-2910mplungy@ Micron Investor Relations Contact Satya Kumar +1 (408) 450-6199 satyakumar@
Reuters
17-04-2025
- Business
- Reuters
Micron rejigs business units to highlight AI data center demand
April 17 (Reuters) - Micron Technology (MU.O), opens new tab said on Thursday it is reshuffling its business segments to focus on the artificial intelligence-linked demand for its memory chips from large-scale cloud providers. 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 (NVDA.O), opens new tab. Micron is one the top three memory chipmakers in the world, besides South Korea's SK Hynix ( opens new tab and Samsung ( opens new tab. In March, Micron forecast quarterly revenue above Wall Street estimates, backed by demand for HBM. The new HBM-focused unit will be led by Raj Narasimhan, who helmed the erstwhile "compute and networking business unit". Under the old structure, this segment covered memory products used by data centers, personal computers, graphics and networking markets. The other new segments include the "core data center business unit" that will focus on memory and storage products for customers that make data center equipment. The new "mobile and client business unit" will service the mobile device market, while the "automotive and embedded business unit" will focus on the automotive, industrial and consumer segments. All units will be led by existing company executives.
Yahoo
17-04-2025
- Business
- Yahoo
Micron rejigs business units to highlight AI data center demand
(Reuters) - Micron Technology said on Thursday it is reshuffling its business segments to focus on the artificial intelligence-linked demand for its memory chips from large-scale cloud providers. 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. The new HBM-focused unit will be led by Raj Narasimhan, who helmed the erstwhile "compute and networking business unit". Under the old structure, this segment covered memory products used by data centers, personal computers, graphics and networking markets. The other new segments include the "core data center business unit" that will focus on memory and storage products for customers that make data center equipment. The new "mobile and client business unit" will service the mobile device market, while the "automotive and embedded business unit" will focus on the automotive, industrial and consumer segments. All units will be led by existing company executives. Sign in to access your portfolio
Globe and Mail
17-04-2025
- Business
- Globe and Mail
Micron Announces Business Unit Reorganization to Capitalize on AI Growth Across All Market Segments
BOISE, Idaho, April 17, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), a leader in innovative memory and storage solutions, today announced a market segment-based reorganization of its business units to capitalize on the transformative growth driven by AI, from data centers to edge devices. Micron has maintained multiple generations of industry leadership in DRAM and NAND technology and has the strongest competitive positioning in its history. Micron's industry-leading product portfolio, combined with world-class manufacturing execution enables the development of differentiated solutions for its customers across end markets. As high-performance memory and storage become increasingly vital to drive the growth of AI, this Business Unit reorganization will allow Micron to stay at the forefront of innovation in each market segment through deeper customer engagement to address the dynamic needs of the industry. Micron will begin transitioning to this new business structure immediately. The transition will be complete early in the company's fiscal fourth quarter, which begins on May 30, 2025. Micron will report financial results under the new business structure starting with the fourth quarter of fiscal year 2025. The four business units will be: Cloud Memory Business Unit (CMBU): Focused on memory solutions for large hyperscale cloud customers, and high-bandwidth memory (HBM) for all data center customers. Raj Narasimhan, Senior Vice President and General Manager, who has led the Compute and Networking Business Unit (CNBU), will lead CMBU. Core Data Center Business Unit (CDBU): Focused on memory solutions for OEM data center customers and storage solutions for all data center customers. Jeremy Werner, Senior Vice President and General Manager, who has led the Storage Business Unit (SBU), will lead CDBU. Mobile and Client Business Unit (MCBU): Focused on memory and storage solutions for mobile and client segments. Mark Montierth, Corporate Vice President and General Manager, who has led the Mobile Business Unit (MBU), will lead MCBU. Automotive and Embedded Business Unit (AEBU): Focused on memory and storage solutions for the automotive, industrial and consumer segments. Kris Baxter, Corporate Vice President and General Manager, who has led the Embedded Business Unit (EBU), will lead AEBU. All four business units will continue to report to Sumit Sadana, Executive Vice President and Chief Business Officer. "This reorganization completes our evolution to a market segment-focused business unit structure, with exciting AI-led growth opportunities in every business unit,' said Sumit Sadana, EVP and Chief Business Officer at Micron Technology. 'This structure sharpens our ability to partner deeply with customers and build on our tremendous portfolio momentum with differentiated solutions for all end markets.' About Micron Technology, Inc. Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron ® and Crucial ® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit © 2025 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners. Micron Media Relations Contact Mark Plungy +1 (408) 203-2910 mplungy@ Micron Investor Relations Contact Satya Kumar +1 (408) 450-6199 satyakumar@
