U.S. chipmaker Micron Technology Inc sees strong demand for computer memory this year even as major players like Samsung  invest billions of dollars to increase production, Micron's president said.
"Is the cycle peaking? It doesn't look that way to us. It looks like it's pretty robust, ongoing demand," Micron President Mark Durcan said.
Analysts' estimate that major chipmakers could grow production of memory by 60 percent this year but Durcan said rising demand would absorb much of that.
"That's not an outlandish explosion in bits for the DRAM market by any means," he said.