Micron Technology Inc. mu We have announced an overhaul of our organizational structure aimed at strengthening our position in the rapidly evolving artificial intelligence market.
The company is reorganizing its operations into four new business units, each to meet the growing demand for sophisticated memory and storage solutions in various sectors.
The four units are the Cloud Memory Business Unit (CMBU), the Core Data Center Business Unit (CDBU), the Mobile and Client Business Unit (MCBU), and the Automotive and Embedded Business Unit (AEBU).
Each unit is led by current executives and target-specific markets, where demand for AI-driven memory and storage is surged.
“This reorganization completes the evolution towards a market segment-focused business unit structure with exciting AIE-driven growth opportunities across all business units,” said EVP and Sumit Sadana Chief Business Officer.
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“This structure hones our ability to partner deeply with our customers and build incredible portfolio momentum using differentiated solutions for all end markets.”
Raj Narasimhan leads CMBU to meet hyperscale cloud and high bandwidth memory needs. Jeremy Werner will lead the CDBU to serve original equipment manufacturers and data center clients.
Mark Montierth oversees MCBU, focusing on mobile and personal computing devices. Chris Baxter is responsible for AEBU, targeting automotive, industrial and consumer applications.
All four units will be reported to Sumit Sadana, Executive Vice President and Chief Business Officer. Starting May 30, 2025, the new business structure will be fully effective at the start of the company’s fourth quarter.
The decision follows an announcement made Monday by President Donald Trump and his administration, saying that electronic products are not subject to the 145% retaliatory tariffs imposed on imports from China.
Bofa Securities Analysts Vivek Arya and Duksan Jang said Micron has more than 30% potential potential in the current stock price against past P/E or PEG multiples, even if tariffs are affected.
But yesterday, Nvidia said the US government would begin requesting licenses to export chips to China.
Micron reports financial results under a new business structure that begins in the fourth quarter of 2025.
Price Action: MU stock traded at $69.03, 0.50% lower on previous checks.
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