Micron will exit the consumer-grade memory business amid global memory supply shortages.

Micron Technology announced on Wednesday that it will be exiting its consumer business. In the midst of a global semiconductor supply shortage, the company is ramping up production of advanced storage chips for artificial intelligence data centers. Micron's decision to exit its consumer business comes as the global memory supply chain is tight, with shortages of semiconductors ranging from flash memory chips used in smartphones to advanced high-bandwidth memory used in artificial intelligence data centers. Micron stated that it will cease selling its consumer-grade branded products at global retailers, electronics retailers, and distributors, but will continue to fulfill orders through consumer channels until February 2026.