AI Special Ride Achieves Jackpot... Micron CEO Sells Shares Worth 50 Billion Won

President and CEO Sanjay Mehrotra of U.S. memory-chip maker Micron Technology Inc. (NASDAQ: MU) sold tens of thousands of the company’s common shares on May 29 under a pre-established Rule 10b5-1 trading plan, raising roughly $38 million (about KRW 53 billion) in cash, according to a regulatory filing. Even after this sale, Mehrotra retains approximately $1 billion—mid-KRW 1 trillion—in combined direct and indirect equity. At the same time, Micron announced record results for fiscal 2026, with third-quarter revenue of $41.4 billion (around KRW 58 trillion) and a fourth-quarter guidance of $50 billion (approximately KRW 70 trillion), driven by expanding AI demand and strategic customer agreements.

Since the June 24 earnings release, sustained demand for AI-server memory and expectations of prolonged supply tightness have prompted global brokerages to raise their price targets on Micron. On the New York Stock Exchange, Micron’s market capitalization has climbed to about $1.3 trillion (around KRW 1,800 trillion), placing it among the largest U.S. semiconductor names by market value.

Headquartered in Boise, Idaho, Micron Technology Inc. is a global memory-semiconductor company producing DRAM, NAND flash, solid-state drives (SSDs) and high-bandwidth memory (HBM). Its products serve as critical components in AI data centers and servers for leading big-tech firms such as NVIDIA and Google. Indian-American executive Sanjay Mehrotra—a co-founder and former CEO of NAND-flash specialist SanDisk—has led Micron since 2017, spearheading its memory-supply strategy for the AI era.