Micron Technology(US:MU) Hua Er Jie Jian Wen·2026-01-19 15:29Group 1: Core Insights - Micron Technology highlights an unprecedented shortage of memory chips driven by surging demand for AI infrastructure, which is expected to persist beyond 2026 [1] - The high bandwidth memory (HBM) required for AI accelerators is consuming a significant portion of the industry's available capacity, leading to severe shortages in traditional sectors like smartphones and personal computers [1] - Major smartphone manufacturers, including Xiaomi and Oppo, have revised their 2026 shipment targets downward due to rising memory costs, with Oppo predicting a reduction of up to 20% [1] Group 2: Market Dynamics - The global memory chip giants, including Micron, SK Hynix, and Samsung Electronics, are experiencing substantial stock price increases due to the AI demand explosion, with Micron's stock rising over 231.6% in the past year [2] - SK Hynix has reported that its chip production capacity for 2026 is already sold out, while Micron's AI-focused high-end memory products have been fully booked for the year [2] Group 3: Strategic Moves - To prioritize supply for strategic clients like NVIDIA, Micron announced the termination of its popular consumer memory brand, Crucial, to focus on DRAM, which is essential for AI accelerator performance [4] - Micron is accelerating its capacity expansion in the U.S. and Asia, planning to invest $1.8 billion to acquire an existing factory site in Taiwan, which is crucial for its production capabilities [5] - The company is also advancing multiple large-scale factory projects, including a $100 billion investment in New York to build four DRAM wafer fabs, with the first wafers expected to be produced by 2030 [5]