Memory Chip Boom Makes Micron CEO A Billionaire


Source: forbes.com forbes.com
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Key Facts Key Background The AI buildout has rewired the memory chip industry, transforming what was once a famously cyclical business into one of the hottest markets. Memory chips feed data to the likes of Nvidia’s GPUs to train and run AI models like ChatGPT or Claude. Micron, Samsung Electronics and SK Hynix are the three main players that manufacture memory chips at scale, and the AI demand has been a windfall for shareholders across all three players. Samsung crossed the $1 trillion mark first this month, Micron followed Tuesday morning and SK Hynix later that evening—becoming the third Asian…

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