Micron expects memory shortages to deepen in 2027 and 2028 as AI data-center demand outpaces new production. It has six facilities planned over the next two years, with three expected to be ready by mid-2027 and the other three in 2028. Industry capacity is also tight: SK Hynix has committed its planned HBM and DRAM output through 2029, indicating customers are securing supply well ahead of production.
Key facts
Micron confirmed that its 2026 and 2027 capacity is completely sold out; CEO Sanjay Mehrotra believes tight memory supply conditions will persist through 2028. source
Micron expects memory shortages to deepen in 2027 and 2028, even as manufacturers invest in additional production. source