India unprepared as AI memory crunch looks set to deepen: Micron CBO

The global semiconductor memory shortage triggered by the AI boom is far worse than most companies currently realise and could last well beyond 2028 despite massive investments in capacity expansion, a top industry executive said, warning that Indian firms risk being caught unprepared.

“We’re already in that state where the aggregate demand is very far above aggregate supply…at levels that I have not seen in my career,” Sumit Sadana, executive vice-president and chief business officer at Micron, told ET in an interview. “There is no physical way to supply the demand that all of our customers have.”