‹ Micron
Ch 4 · The Lifer
Chapter 4 · Management
Numbers tell you what happened. People tell you what's next.
Who's steering Micron, and what have they bet the company on?
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✦ The bottom line
CEO Sanjay Mehrotra has run Micron since 2017. He bet the company on AI memory years before AI was obvious.
↓ the brief below
The story behind the CEO
1988
Mehrotra co-founds SanDisk — builds it into a flash memory giant over 28 years.
2016
SanDisk sells to Western Digital. Mehrotra is suddenly available.
2017
Micron poaches him as CEO. A memory lifer taking over a memory company.
2020s
Mehrotra pushes Micron heavily into HBM — the memory AI needs — before AI is obvious.
From the 10-Q · what they're building
Planned investments include modernizing facilities in Japan to support future DRAM nodes and AI memory production... breaking ground in Singapore on an HBM advanced packaging facility... and modernizing production capacity for DRAM and HBM products in Taiwan.
↳ This is the bet in concrete and steel. Billions committed to AI-memory capacity across four countries.
Source · 10-Q · Liquidity and Capital Resources · Q2 FY26 · Filed Mar 19, 2026
✓
Strong
Founder-builder steering through the boom. Bet on AI memory years early.
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Chapter 4 · MANAGEMENT
The Lifer
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Chapter 6 · RISK
The Cycle Question