April 22, 2025 /SemiMedia/ — Micron Technology has reorganized its business structure and launched a new “Cloud Storage Business Unit” aimed at addressing surging demand from hyperscale cloud providers for memory products tailored to AI workloads, particularly high bandwidth memory (HBM) chips.

The newly created unit will focus on supplying products for large-scale data centers and accelerating data-intensive AI processing through HBM technology — a critical component for AI GPUs, especially those from Nvidia. Micron is one of the three major global suppliers of HBM, alongside SK Hynix and Samsung Electronics.

Raj Narasimhan, who previously led Micron’s Compute and Networking Business Unit, will head the new cloud division. His former unit included memory products for data centers, PCs, graphics, and networking.

Micron's restructuring also includes the creation of three additional business units:

  • The Core Data Center Business Unit will support OEMs with DRAM and NAND products.
  • The Mobile and Client Business Unit will serve smartphones and consumer devices.
  • The Automotive and Embedded Business Unit will focus on automotive, industrial, and consumer markets.

All units will continue under the leadership of current Micron executives. The company said in March that its revenue forecast exceeded Wall Street expectations, driven by increasing demand for HBM used in AI servers — underscoring the strategic relevance of the realignment.