Micron CEO: Customers driving hard bargain on price contributed to memory shortage

Micron CEO Sanjay Mehrotra said pricing pressure from customers over multiple years led to underinvestment in the memory industry, which contributed to current supply shortages. Mehrotra did not specify which customers applied the pressure or provide a timeline for when the underinvestment occurred. Micron is one of the world's largest producers of dynamic random-access memory and NAND flash memory.

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