Micron's AI Memory Chip Business Is Booming

HBM revenue is soaring to new heights.Memory chip manufacturer Micron (MU -2.83%) was slow to embrace the high-bandwidth memory (HBM) chip market. HBM is critical for artificial intelligence accelerators, providing the massive bandwidth necessary to run AI workloads effectively. In the early days of the AI boom, Micron was largely missing in action.That situation has now changed dramatically. Micron has successfully ramped up production of HBM chips and is pushing ahead with development of its next-generati ...