BOISE, Idaho, April 17, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), a prominent player in the memory and storage solutions sector, has announced a significant reorganization of its business units aimed at harnessing the transformative growth opportunities presented by artificial intelligence (AI). This restructuring comes at a time when demand for high-performance memory and storage solutions is surging, particularly in sectors ranging from data centers to edge devices.

Micron has established a strong legacy as an industry leader in DRAM (Dynamic Random Access Memory) and NAND (flash memory) technology, maintaining a competitive edge that is arguably stronger than ever before. The companys extensive product portfolio, coupled with its exceptional manufacturing capabilities, enables it to deliver unique solutions tailored to various customer needs across diverse end markets. As AI continues to reshape industries, the timely reorganization of Microns business units is expected to enhance its ability to innovate and adapt to the rapidly changing landscape.

The transition to this new business structure will commence immediately, with the aim of completing the reorganization by the beginning of the companys fiscal fourth quarter, which is set to start on May 30, 2025. Micron plans to present its financial results under the new structure beginning with the fourth quarter of the fiscal year 2025, marking a pivotal moment in the companys evolution.

Micron's new structure comprises four distinct business units, each designed to address specific market segments:

  • Cloud Memory Business Unit (CMBU): This unit focuses on delivering memory solutions tailored for large hyperscale cloud customers, as well as high-bandwidth memory (HBM) catering to all data center clients. Raj Narasimhan, who previously led the Compute and Networking Business Unit (CNBU), has been appointed as the leader of CMBU.
  • Core Data Center Business Unit (CDBU): Dedicated to providing memory solutions for OEM (Original Equipment Manufacturer) data center customers and comprehensive storage solutions for all data center needs, CDBU will be headed by Jeremy Werner, the former leader of the Storage Business Unit (SBU).
  • Mobile and Client Business Unit (MCBU): Focused on creating memory and storage solutions for mobile devices and client segments, this unit will be led by Mark Montierth, who previously managed the Mobile Business Unit (MBU).
  • Automotive and Embedded Business Unit (AEBU): This unit targets memory and storage solutions for the automotive, industrial, and consumer segments. Kris Baxter, who has overseen the Embedded Business Unit (EBU), will lead AEBU.

All four business units will report directly to Sumit Sadana, Executive Vice President and Chief Business Officer of Micron Technology. Commenting on this restructuring, Sadana stated, "This reorganization completes our evolution to a market segment-focused business unit structure, with exciting AI-led growth opportunities in every business unit. This structure sharpens our ability to partner deeply with customers and build on our tremendous portfolio momentum with differentiated solutions for all end markets."

Founded on the principle of transforming the way information is utilized globally, Micron Technology, Inc. is known for its innovative memory and storage solutions. The company is committed to delivering excellence through a diverse portfolio of high-performance DRAM, NAND, and NOR memory products under its well-known Micron and Crucial brands. Daily, Micron's innovations play a crucial role in powering the data economy, facilitating advancements in AI and compute-intensive applications that unlock opportunities across various sectors, from data centers to mobile experiences.

For more information about Micron Technology, Inc., you can visit their official website at mplungy@micron.com

  • Satya Kumar: +1 (408) 450-6199, satyakumar@micron.com