Live on Bloomberg TV

00:00THANK YOU SO MUCH FOR JOINING ME. TALK TO ME ABOUT THIS NEW CHIP. > > HAPPY TO BE HERE. IT IS A KIND OF MEMORY THAT IS GIVING YOU FASTER SPEEDS THAN FLASH MEMORY. CHIP DENSITIES THAT ARE HIGHER. IT IS REALLY, IDEALLY SUITED FOR BULLET MEMORY IS LESS STORAGE. THIS IS TO ACCELERATE DEEP MOURNING WORKLOADS, HIGH SPEEDS. WHAT WE ARE BEING INTRODUCED TODAY IS A SOLID-STATE DRIVE THAT IS THE FASTEST DRIVE IN THE WORLD. TAYLOR: IS THIS REALLY BANKING ON THE FUTURE OF THE CLOUD? SANJAY: IT IS A TECHNOLOGY THAT WORKS WELL. OF COURSE, IT IS A TECHNOLOGY, THAT CAN ALSO BE DEPLOYED IN OTHER APPLICATIONS, SUCH AS MOBILE OR OTHER INTELLIGENT DEVICES. NO DOUBT, DATACENTER IS A BIG PORTION OF IT, THE CHANCES OF ARTIFICIAL INTELLIGENCE TODAY , WITH THE ABILITY TO PROCESS A LOT OF DATA, GAIN FROM INSIDE OF THE DATA, THAT MEANS -- INSIGHT OF THE DATA, THAT MEANS YOU NEED MEMORY SOLUTIONS, WHICH IS WHAT MICRON MAKES. YOU HAVE TO STORE DATA , ACCESS THE DATA, PROCESS IT FAST, IT NEEDS THE KIND OF SOLUTIONS MICRON MAKES. AND YES, THEY GROWN OUT ONLY IN CLOUD APPLICATIONS, DATA CENTER APPLICATIONS, BUT ALL THE INTELLIGENT DEVICES, FROM SMARTPHONES, TO AUTOMOBILES. TAYLOR: YOU HAVE PREVIOUSLY BEEN WORKING WITH INTEL LOBBYIST, WHY THE MOVE TO GO WITH IT? > > WE HAVE TO CONTROL OUR OWN DESTINY. WITH REGARD TO TECHNOLOGY, WE HAD PARTNERSHIPS BEFORE. NOW, WE HAVE AN OPPORTUNITY TO BRING THE TECHNOLOGY TO A BROAD APPLICATION. AND MANAGER TECHNOLOGY -- MANAGE OUR TECHNOLOGY, ROADMAP, AND MANUFACTURING AND CAPABILITIES IN LINE WITH OUR BUSINESS OBJECTIVES. TAYLOR: YOU TALK A LOT ABOUT SMART PHONES, HOW MUCH OF A TAILWIND ARE WE EXPECTING FROM 5G? IN YOUR CORPORATE THAT INTO YOUR ANALYSIS? > > IT WILL BE A GROWTH DRIVER FOR MANY YEARS TO COME. 5G IS NOT ONLY ABOUT SMARTPHONES, IT IS ABOUT MACHINE TO MACHINE. IT WILL BRING ABOUT MANY DEVICES THAT WILL BE CONNECTED WITH EACH OTHER, INTELLIGENT DEVICES THAT ARE ABLE TO COLLECT MORE DATA. WITHIN SMARTPHONES, NO QUESTION THAT 5G PHONES, THEY ARE HIGH SPEEDS, ARE ABLE TO GIVE YOU ACCESS TO DATA AND GIVE YOU RICH EXPERIENCES. A 360 DEGREE IMMERSIVE EXPERIENCE, TO WHAT DIFFERENT PERSPECTIVES OF A GAME BEING BROADCAST TO YOU. IN ORDER TO MANIPULATE ALL OF THAT ON YOUR SMART PHONE, IT NEEDS MORE MEMORY AND MORE STORAGE. 12 GIGABYTES, THE SMARTPHONES ANNOUNCED IN FEBRUARY OF THIS YEAR, AND THE TERABYTE OF STORAGE. TAYLOR: ONE OF THE PHONES THAT HAS 5G ALREADY IS HUAWEI. HOW IS YOUR RELATIONSHIP WITH HUAWEI RIGHT NOW? > > WITH RESPECT TO THE U.S.-CHINA TRADE RELATIONS, IT HAS IMPACTED HUAWEI. THEY ARE AN IMPORTANT AND LARGE CUSTOMER OF MICRON. WE ARE VERY GLOBAL. WE HAVE ENGAGED WITH VERY DIVERSIFY SETS OF CUSTOMERS. WE HAVE SOLUTIONS THAT GO INTO VERY MANY DIFFERENT MARKETS AND OPPORTUNITIES. IN HUAWEI , IT IS LESS THAN IT WOULD HAVE BEEN IF HUAWEI -- TAYLOR: ARE YOU ACTIVELY WORKING WITH THE TRUMP ADMINISTRATION TO CLARIFY ANY CONFUSION ABOUT HOW TO GET AROUND SOME OF THE EXPORT BANS? > > THEY ALSO SAID IN OUR SEPTEMBER EARNINGS THAT WE APPLY FOR LICENSES, OF COURSE, LICENSES OF SESSION HAVE NOT BEEN GRANTED YET. WE SAID THAT WITHOUT GRANTING THE LICENSES, IT WILL POTENTIALLY LESSEN OUR OPPORTUNITIES WITH HUAWEI IN TERMS OF FUTURE BUSINESS WITH THEM. THE POINT IS, WE ARE A COMPANY WITH A DIVERSIFIED PORTFOLIO AND A VERY BROAD SET OF CUSTOMERS ALL ACROSS THE GLOBE. TAYLOR: I WANT TO TIE THAT INTO A CHART I AM SHOWING IN MY BLOOMBERG TERMINAL TO OUR AUDIENCE, WHICH SHOWS YOUR TOTAL REVENUE, AND OF COURSE, A PORTION OF THAT JUST UNDER HALF OR SO COMING FROM CHINA. YOU SAY YOU ARE A GLOBAL COMPANY. WHERE ELSE CAN YOU START TO SHIFT THAT REVENUE GIVEN ALL THE HEADWINDS COMING FROM CHINA? > > I THINK WHAT IS IMPORTANT IS WE ARE A GLOBAL COMPANY, A LOT OF OUR CUSTOMERS BASED OUTSIDE OF CHINA, THEY -- THE NUMBERS YOU ARE LOOKING AT ARE RELATED ALSO TO THAT ASPECT. IF YOU LOOK AT CHINESE HEADQUARTERED COMPANIES, AS WE HAVE REPORTED, OUR REVENUE IS APPROXIMATELY 20%. WITH RESPECT TO HUAWEI, THEY HAVE BEEN THE LARGEST CUSTOMER, APPROXIMATELY 12%. WE HAVE A VERY DIVERSIFIED SET OF CUSTOMERS. THEY HAVE THEIR SUPPLY IN CHINA, BUT WE ARE ENGAGED WITH THEM, AS WELL. TAYLOR: IN YOUR BUSINESS, IT ALL COMES DOWN TO THE PRICES. I'M GOING TO SHOW ONE MORE CHARTS FOR OUR BLOOMBERG AUDIENCE. PRICES HAVE BEEN DIVERGING. ARE WE AT THE BOTTOM, DO WE START TO SEE PRICES START TO PICK UP HIGHER? GIVE US SOME NEW NEWS. > > NAND HAS STARTED SEEING PRICE INCREASES. OF COURSE, NAND MARKETS, MORE SOLID-STATE DRIVES ARE BEING USED. AS WELL AS THE CONTENT. MARKET DEMAND DRIVERS CONTINUE TO BE SECULAR IN NATURE WHETHER IT IS THE DATACENTER OR SMARTPHONE OR PC, OR EVEN INDUSTRIAL APPLICATIONS, AUTOMOBILES, ETC.. YOU ARE NEEDING MORE. WE HAVE SAID THAT YES, THERE IS SOME EXCESS SUPPLY IN THE MARKET RIGHT NOW, BUT WHAT IS IMPORTANT IS, THE SUPPLY GROWTH IS LESS THAN THE DEMAND GROWTH. WHICH MEANS THAT IT IS NOW COMING DOWN, IT IS A MATTER OF

No schedule data available.

Micron CEO on New Chip, 5G Technology and Relationship With Huawei

Sanjay Mehrotra, Micron Technology Inc. chief executive officer, discusses the company's new 3D XPoint memory technology, the tailwinds from the deployment of 5G and Micron's relationship with Huawei Technologies Co. He speaks with Bloomberg's Taylor Riggs on "Bloomberg Technology." (Source: Bloomberg)

More From Bloomberg Technology
All episodes and clips

Bloomberg Markets
"Bloomberg Markets" is focused on bringing you the most important global business and breaking markets news and information as it happens.
More episodes and clips