Memory-maker Micron has warned that RAM shortages will last into 2028, and potentially beyond that year too.
As repoeted by The Register, CEO and company chair Sanjay Mehrotra told investors on the 2026 Financial Year End
2026 call, that Micron has already sold most of the memory it will make next year and said customers will pay “much
higher prices” than they shelled out this year.
“In calendar 2027 as well as 2028, we see demand exceeding supply,” he
added. “In fact, we see greater tightness in the industry in 2027 and in 2028 versus 2026. Overall, supply-demand environment is only
getting tighter.”
The CEO admitted that Micron does "not have line of sight to when supply and demand will return to
balance".
Micron plans to bring new factories online in 2028 – helped by planned capex of $25 billion in the first half
of its new financial year – but execs warned those facilities won’t immediately help to improve availability or ease prices.
The
CEO said demand for the high-bandwidth memory (HBM) needed in AI hardware is growing faster than it is for the DRAM used
in servers. Micron is also finding ways to expand its margins for HBM, which is currently not as profitable as DRAM.
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