Sanjay Mehrotra
ON THE RECORD · 15 verbatim quotes · every quote source-verified
“Memory has secular demand with AI, across data center, across consumer markets, and, of course, industrial automation and, in future, robotics,”
Sanjay Mehrotra · said 2026-08-20 · reported 2026-08-21
Mehrotra explained the broad, secular demand for memory across multiple markets including AI, consumer, and robotics.
“we have signed more strategic customer agreements,”
Sanjay Mehrotra · said 2026-08-20 · reported 2026-08-21
Mehrotra told Cramer that Micron had signed additional strategic customer agreements since its June earnings call.
“By end of the decade, each of these robots — there will be, over time, hundreds of millions of these robots — they all require tons of memory. So, memory demand is tremendous. Supply is constrained. We see 2027 even tighter with respect to 2026. What we are building here [at the first Boise fab], first wafers out in 2027, production ramping in 2028 timeframe. Clay, New York, production ramping, by 2029 to 2030 timeframe. The second Boise Fab will start ramping up production in late '28 timeframe.”
Sanjay Mehrotra · said 2026-08-20 · reported 2026-08-21
Mehrotra detailed supply constraints and construction timelines for Micron's new fabs in Boise and Clay, New York.
“Memory is the intelligence behind artificial intelligence.”
Sanjay Mehrotra · said 2026-08-20 · reported 2026-08-21
Mehrotra described memory as central to AI systems during the Mad Money interview.
“We are growing the business. We are investing in the business. We are investing in advanced research, R & D roadmap for our products, investing, as you see here, in building out the memory supply base. So, we will, of course, invest first in growing the business. We had $25 billion of [operating cash flows] last quarter. Free cash flow this quarter will even be greater. Of course, excess cash, we will return to shareholders. We are best positioned ever to grow the business, as well as provide return to our shareholders at larger levels than before. And yes, we are committed to doing that.”
Sanjay Mehrotra · said 2026-08-20 · reported 2026-08-21
Mehrotra discussed Micron's investment priorities and commitment to returning excess cash to shareholders.
“Memory has become a key enabler of AI,”
Sanjay Mehrotra · said 2026-08-20 · reported 2026-08-21
Mehrotra made this remark during his interview with Jim Cramer about memory's role in the AI boom.
“So, the value of memory, that equation has totally changed.”
Sanjay Mehrotra · said 2026-08-20 · reported 2026-08-20
Sanjay Mehrotra explained the shifting value equation for the memory business due to AI demand.
“Memory today is essential,”
Sanjay Mehrotra · said 2026-08-20 · reported 2026-08-20
Sanjay Mehrotra emphasized the growing necessity of memory across various AI applications.
“Our customers recognize the value of memory, because memory is what is enabling them to design products that are driving growth engines for them.”
Sanjay Mehrotra · said 2026-08-20 · reported 2026-08-20
Sanjay Mehrotra highlighted how customers see memory as an enabler of their core growth engines.
“So, this gives us assurance of demand.”
Sanjay Mehrotra · said 2026-08-20 · reported 2026-08-20
Sanjay Mehrotra explained how long-term customer commitments provide assurance of future demand.
“Today there is no AI without memory. AI systems need more memory. They need higher performance memory. They need lower power memory,”
Sanjay Mehrotra · said 2026-08-20 · reported 2026-08-20
Sanjay Mehrotra discussed how artificial intelligence systems require more memory during an interview on "Mad Money."
“All our customers across our end markets will buy everything that we make,”
Sanjay Mehrotra · said 2026-08-20 · reported 2026-08-20
Sanjay Mehrotra noted that customer demand across all end markets currently exceeds Micron's supply capacity.
“That's why I call it the strategic infrastructure of the AI era.”
Sanjay Mehrotra · said 2026-08-20 · reported 2026-08-20
Sanjay Mehrotra described memory as critical infrastructure for the artificial intelligence era.
“They have committed to taking the supply,”
Sanjay Mehrotra · said 2026-08-20 · reported 2026-08-20
Sanjay Mehrotra commented on customers signing long-term strategic supply agreements.
“We are working closely with them earlier and earlier in their development cycle,”
Sanjay Mehrotra · said 2026-08-20 · reported 2026-08-20
Sanjay Mehrotra outlined how Micron collaborates with customers earlier in their design cycles.