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The Memory Stack — HBM & Memory · AI Chain

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Micron Technology
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Only Western HBM maker with U.S. capacity

What they do

Micron is the only American HBM maker (Samsung and SK Hynix are Korean). HBM is the towers of memory glued onto every GPU — and there's a structural shortage. Micron's HBM3E is qualified at NVIDIA. The anchor of the whole memory supercycle thesis.