5G Growth Continues, Micron Chief Says

Fifth-generation wireless continues to grow, Micron's chief told investors. Sales rose 25% in mobile in fiscal Q4 ended Sept. 2 from the year-ago quarter. “We expect overall smartphone unit sales to grow this year, with sales of over 500 million 5G mobile phones forecasted” globally, said CEO Sanjay Mehrotra Tuesday. The typical 5G smartphone features more than 50% higher DRAM content and double the NAND content of a 4G phone, he said. “We expect 5G and AI to drive new innovation in applications such as AI-optimized video capture and editing that will fuel DRAM and NAND content growth for years.”