Micron CEO Predicts Multi-Decade Demand Surge From Humanoid Robots

Sanjay Mehrotra, CEO of Micron Technology, identified humanoid robots and fully autonomous vehicles as primary drivers for a substantial, multi-decade memory and storage demand cycle. Speaking during a third-quarter earnings call, Mehrotra noted that humanoid robots require ten times the memory of an average L2+ vehicle. He expects this growth cycle to begin in the latter part of the current decade.

This shift in market demand may reduce the historical stock cyclicality typical of the memory chip industry. The projection aligns with the activities of humanoid robotics pioneers including Tesla, Figure AI, Boston Dynamics, and Agility Robotics. Additionally, some financial forecasts predict the global population of humanoid robots could exceed 3 billion by 2060.