1/5
@7SEES_
Micron, one of the top PC RAM, DRAM, and HDD/SSD manufacturers on the planet, has officially announced that they are exiting the Crucial Consumer Business, to focus primarily on the demand for data center AI applications.
As demand rises, consumer supply is now going to enter free-fall.
Basic economics tells us that prices will skyrocket.
On top of hyper-inflated AI-Driven GPUs, owning a computer will become even more expensive.
We could seriously see discussions about "Compute Sharing" or some sort of "Compute Leasing" in the coming years.
While big tech continues to absorb and drain everything it touches from the economy to the ecosystem.
Micron Technology was one of the donors who funded the White House's East Wing demolition, and planned building of a ballroom.
https://web.archive.org/web/2025112...23/politics/ballroom-donors-white-house-trump
Top 10 Largest Shareholders:
Vanguard Group Inc (9.31%)
Blackrock Inc. (8.35%)
Capital World Investors (5.71%)
State Street Corporation (4.60%)
FMR, LLC (3.56%)
Fidelity Investments (3.73%)
JP Morgan - Chase (3.11%)
Primecap Management Company (2.64%)
Geode Capital Management, LLC (2.32%)
Capital International Investors (2.08%)
https://finance.yahoo.com/quote/MU/holders/
The executive leadership team includes:
Leadership
Sanjay Mehrotra - CEO
UC Berkley, Stanford, National Academy of Engineering, co-founder of SanDisk in 1988 and was president and CEO from 2011 until 2016. He also held management positions at Integrated Device Technology, SEEQ Technology, Intel, and Atmel. Mehrotra was appointed 2019 chairman of the Semiconductor Industry Association. He is also on the board of directors for CDW and the Semiconductor Industry Association.
April Arnzen - EVP - CPO
University of Idaho, Stanford, Boise Public Schools Foundation Member since 2015. Has been with Micron for 17 years, with no clear previous working history.
Manish Bhatia - EVP - Global Operations
MIT & MIT Sloan School of Management, Associate at McKinsey & Company, EVP WW of SanDisk from 2000-2018, EVP Silicon Operations at Western Digital.
Scott J. DeBoer - EVP - Technology and Products
Hastings College, Iowa State, has been with Micron as an EVP since 1995.
Mark Murphy - EVP - CFO
Senior Financial Analyst of Treasurer's Department for ExxonMobil, VP & eventually President of Praxair, Inc - a Linde Company, Chief Financial Officer at MEMC, CFO & EVP at Delphi, CFO at Qorvo, Inc.
Sumit Sadana - EVP - CBO
Indian Institute of Technology - Kharagpur, Stanford, VP at IBM from 1991-2004, VP & CTO at Freescale Semiconductor, Managing Principal at Sunrise Capital Management LLC, Board of Directors at Miracle Foundation, EVP at SanDisk, Member of Board of Directors at Silicon Labs.
Mike Cordano - Senior VP - Worldwide Sales
University of Colorado, National Trustee of The Boys & Girls Clubs of America, Board Of Advisors for University of Colorado Boulder - Leeds School of Business, Co-Founder & CEO of Fabrik, Inc. (acquired by HGST), EVP and eventually President at HGST (Western Digital Subsidiary), President and CPO at Western Digital, Founder and Partner at Prime Impact Capital.
Michael Ray - Senior VP - Chief Legal Officer and Corporate Secretary
Harvard College, Harvard Law School, Judicial Clerk - U.S. District Court - Central District of California, Corporate Counsel for Wynn's International, Inc., Senior VP at Western Digital from 2000-2024.
Also interesting to note, that when I went to their official website, it's "Powered by Akamai" because of course it is. @DecentReports
2/5
@PChungus69
@DecentReports got got again
3/5
@7SEES_
4/5
@that_y2k_kid
The potential beginning of the end for personal computing. It started to show when the next gen graphics cards were performing with almost equal power to their predecessors. They want to own all of the computing power and build a prison with it.
5/5
@7SEES_
Absolutely, honestly, there have been some pretty consistent diminishing returns since the RTX 3080 released. They're all primarily focusing on fake frame generation like DLSS to hide that very fact.