US-based chipmaker Micron Technology has exceeded analyst expectations by delivering record-breaking profit fueled by artificial intelligence (AI) and data center demand. The company’s revenue rose 57% year-over-year, reaching $13.6 billion.
Micron CEO Sanjay Mehrotra expressed optimism about the industry supply shortage, stating it will remain short of demand in the future. This is a positive sign for Micron, which has seen its stock price increase by 199.54% this year.
The company plans to accelerate construction at its Boise site and expects to bring online its first fabrication plant in mid-2027. Construction on the second facility is set to start in 2026, with completion expected in 2028.
Micron’s decision to exit its consumer products business has shifted focus towards AI and data center use, which are driving demand for memory products used in various devices, including iPhones, personal computers, and servers fueling AI.
Source: https://boisedev.com/news/2025/12/18/micron-earnings-idaho