Micron Announces Business Unit Reorganization

Micron Technology, Inc. announced a market segment-based reorganization of its business units to capitalize on the transformative growth driven by AI, from data centers to edge devices.

Micron has maintained multiple generations of industry leadership in DRAM and NAND technology and has the strongest competitive positioning in its history. Micron’s product portfolio, combined with manufacturing execution enables the development of differentiated solutions for its customers across end markets.

As memory and storage become increasingly vital to drive the growth of AI, this Business Unit reorganization will allow Micron to stay at the forefront of innovation in each market segment through deeper customer engagement to address the dynamic needs of the industry.

Micron will begin transitioning to this new business structure immediately. The transition will be complete early in the company’s fiscal 4th quarter, which begins on May 30, 2025. Micron will report financial results under the new business structure starting with the 4th quarter of fiscal year 2025.

The 4 business units will be:

• Cloud Memory Business Unit (CMBU): Focused on memory solutions for large hyperscale cloud customers, and high-bandwidth memory (HBM) for all data center customers. Raj Narasimhan, SVP and GM, who has led the Compute and Networking Business Unit (CNBU), will lead CMBU.
• Core Data Center Business Unit (CDBU): Focused on memory solutions for OEM data center customers and storage solutions for all data center customers. Jeremy Werner, SVP and GM, who has led the Storage Business Unit (SBU), will lead CDBU.
• Mobile and Client Business Unit (MCBU): Focused on memory and storage solutions for mobile and client segments. Mark Montierth, Corporate VP and GM, who has led the Mobile Business Unit (MBU), will lead MCBU.
• Automotive and Embedded Business Unit (AEBU): Focused on memory and storage solutions for the automotive, industrial and consumer segments. Kris Baxter, Corporate VP and GM, who has led the Embedded Business Unit (EBU), will lead AEBU.

All 4 business units will continue to report to Sumit Sadana, EVP and chief business officer.

“This reorganization completes our evolution to a market segment-focused business unit structure, with exciting AI-led growth opportunities in every business unit,” said Sumit Sadana, EVP and chief business officer, Micron Technology. “This structure sharpens our ability to partner deeply with customers and build on our tremendous portfolio momentum with differentiated solutions for all end markets.“