- Micron Technology (MU, Financial) will reorganize into four strategic business units to leverage AI growth.
- The reorganization is set to complete by early fiscal Q4 2025, with new financial reporting to follow.
- Each business unit will be led by a senior executive under EVP and Chief Business Officer Sumit Sadana.
Micron Technology, Inc. (MU), a leader in innovative memory and storage solutions, has announced a significant restructuring of its business units to capitalize on the burgeoning opportunities fueled by artificial intelligence (AI) across various market segments. The reorganization will see the formation of four distinct business units, each specialized to address specific sectors within the AI landscape.
The new structure includes the Cloud Memory Business Unit (CMBU), focused on delivering memory solutions to large hyperscale cloud customers and high-bandwidth memory for all data center customers. Raj Narasimhan will lead CMBU as Senior Vice President and General Manager.
The Core Data Center Business Unit (CDBU) will cater to OEM data center customers, providing both memory and storage solutions. Jeremy Werner, as Senior Vice President and General Manager, will head this division.
The Mobile and Client Business Unit (MCBU) is tasked with servicing the mobile and client sectors, with Mark Montierth at the helm as Corporate Vice President and General Manager.
Finally, the Automotive and Embedded Business Unit (AEBU) will focus on the automotive, industrial, and consumer market segments. Kris Baxter will lead this unit as Corporate Vice President and General Manager.
Micron's reorganization is slated for completion by early fiscal Q4 2025, with the transition beginning on May 30, 2025. The company will start reporting financial results under the new structure in the same quarter. This strategic move is aimed at enhancing Micron's market focus, aligning its resources to foster deeper customer engagement and drive innovation.
“This reorganization completes our evolution to a market segment-focused business unit structure, with exciting AI-led growth opportunities in every business unit,” stated Sumit Sadana, EVP and Chief Business Officer at Micron. “This structure sharpens our ability to partner deeply with customers and build on our tremendous portfolio momentum with differentiated solutions for all end markets.”
Micron Technology continues to lead in memory and storage solutions, leveraging its competitive positioning in DRAM and NAND technology to transform opportunities in AI and compute-intensive applications.
