[Micron Technology CEO: HBM demand growth will continue to outperform traditional DRAM until 2028] On October 1, Micron Technology Chairman and CEO Sanjay Mehrotra said in an earnings call that the structural gap in supply and demand growth rates has led to continued supply tensions. Even taking into account the industry’s new DRAM clean room space plan, under the strong demand trend (including customers’ continuous incremental requirements), we cannot see the inflection point when supply and demand can return to balance. Industry HBM demand growth will continue to outperform traditional DRAM until 2028. Sanjay Mehrotra revealed that most of Micron's HBM supply in 2027 has already signed agreements, and "prices have increased significantly year-on-year, which has narrowed the gross margin gap between (HBM) and traditional DRAM."