Micron Technology, Inc. (NASDAQ: MU) on Thursday announced a market segment-based reorganization of its business units to capitalize on the growth driven by AI (artificial intelligence), from data centers to edge devices.
Micron — a Boise, Idaho–based chip maker — plans to build a semiconductor-manufacturing campus at the White Pine Commerce Park in the town of Clay.
As high-performance memory and storage become “increasingly vital” to drive the growth of AI, this business-unit reorganization will allow Micron to “stay at the forefront of innovation” in each market segment through “deeper customer engagement to address the dynamic needs” of the industry, per its announcement.
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Micron will begin transitioning to this new business structure immediately. The transition will be complete early in the company’s fiscal fourth quarter, which begins on May 30. The firm will report financial results under the new business structure starting with the fourth quarter of fiscal year 2025.
All four business units will continue to report to Sumit Sadana, executive VP and chief business officer.
“This reorganization completes our evolution to a market segment-focused business unit structure, with exciting AI-led growth opportunities in every business unit,” Sumit Sadana said in the Micron announcement. “This structure sharpens our ability to partner deeply with customers and build on our tremendous portfolio momentum with differentiated solutions for all end markets.”
Business units involved
The four business units involved include the cloud memory business unit (CMBU), which is focused on memory solutions for large hyperscale cloud customers, and high-bandwidth memory (HBM) for all data center customers.
The units also include the core data center business Unit (CDBU), which is focused on memory solutions for OEM data center customers and storage solutions for all data center customers.
They also include the mobile and client business unit (MCBU), which is focused on memory and storage solutions for mobile and client segments; and the automotive and embedded business unit (AEBU), which is focused on memory and storage solutions for the automotive, industrial and consumer segments.
