Micron CEO Sanjay Mehrotra Becomes A Billionaire Amid Trillion-Dollar Memory Chipmaker Boom

BreakingBusinessMicron CEO Sanjay Mehrotra Becomes A Billionaire Amid Trillion-Dollar Memory Chipmaker BoomByAlicia Park,Reporter. I cover markets and tech.Follow AuthorMay 27, 2026, 04:03pm EDTToplineSanjay Mehrotra, the chairman, president and CEO of Micron Technology, is now a billionaire, after shares of the Boise, Idaho-based memory chipmaker hit record highs, pushing his estimated fortune to $1.2 billion. Micron CEO Sanjay Mehrotra speaks before US President Joe Biden delivers remarks on the CHIPS and Science Act on April 25, 2024. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)AFP via Getty ImagesKey FactsMehrotra, 67, has served as president and CEO of Micron since 2017, joining after a long run as cofounder and chief executive of SanDisk, the flash memory pioneer Western Digital acquired in 2016 for around $16 billion.Micron's stock has been on a tear, climbing 225% this year and a staggering 863% over the past 12 months, as demand for memory chips used in AI servers has exploded. Micron's market capitalization now stands at roughly $1 trillion, making it the third memory chipmaker to join the four-comma club this month after Samsung hit the milestone in early May and SK Hynix crossed the threshold on Tuesday evening.Micron declined to comment. if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.createElement('script'); script.src = '//cd.elements.video/player.js?cid=62cec241-7d09-4462-afc2-f72f8d8ef40a'; script.setAttribute('defer', '1'); script.setAttribute('type', 'text/javascript'); iframeDoc.body.appendChild(script); }; document.head.appendChild(iframe); const preloadResourcesEndpoint = 'https://cds.elements.video/a/preload-resources-ovp.json'; fetch(preloadResourcesEndpoint, { priority: 'low' }) .then(res...