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Micron Sells Out 2026 HBM4 As US$200b AI Capacity Plan Grows
Micron Technology has sold out its entire 2026 production of HBM4, its next-generation high bandwidth memory, through multi-year contracts, driven by increasing AI-related memory demand. The company also plans a US$200 billion expansion of its U.S. manufacturing capacity to address the strained industry supply. This strategic move aims to provide Micron with better revenue visibility, though the significant capital expenditure and potential competitive responses present risks.