Micron: The chip sector will not see improvement until next year, and the need for partnering with private sectors are stressed to President Biden
Mehrotra’s statements to Fox Business are parallel to comments from Jensen Huang and Dr. Lisa Su of NVIDIA and AMD, respectively. He agrees that the chip shortage is improving but that full restocking of semiconductor chips will not be completed in 2023. The Micron president also raises the question about the U.S. Government and private sectors partnering to increase the U.S. to a prime position of leading the chip market sector. The Micron CEO expressed that Asian nations had helped the semiconductor and chip industries in several years. Mehrotra also points to the automobile industry as having a large stake in improving the chip sector. Republican Governor Eric Holcomb of Indiana was also in attendance at the meeting and voiced the need for immediacy of fixing the shortages and seeking to bring the U.S. to a central strategic market stance. Mehrotra’s statements continue to show agreeance with the NVIDIA and AMD leaders when it came to the effect that the coronavirus pandemic placed on the semiconductor industry, especially when more individuals were working remotely from their homes. When Fox Business last spoke with Mehrotra in October 2021, the Micron CEO stated that his company would invest over $150 billion over the next ten years in research, development, and manufacturing of memory, such as SSDs. Source: Fox Business
