Sanjay Mehrotra, CEO of American chip company Micron Technology, has joined the Forbes list of billionaires of chip companies. According to Forbes, his wealth is Rs 11,406 crore. He is the only Indian included in this list. At the top is Nvidia’s CEO Jensang Huang whose net worth is Rs 17.46 lakh crore. Is. Kanpur-born Mehrotra (67) has contributed significantly from co-founding Sandisk to taking Micron to a market cap of Rs 104 lakh crore. In 1976, Sanjay asked for a student visa to study engineering in America, but the embassy refused three times. Finally the father accompanied him to the New Delhi Embassy and remained in the lobby even after the consular officer had gone for lunch. Finally he got the visa. During his first job at Intel, he used to work till 2 am in the night. In 1988, Sanjay along with two friends laid the foundation of Sandisk. At that time flash memory was a new technology, but Sanjay bet on it. Later, SanDisk played a big role in bringing pen drives, SD cards and mobile memory to the world. In the 90s, when SanDisk was a startup, Kodak offered to make their digital memory technology exclusively for them and asked to pay a huge amount in return, but Sanjay and his partner Eli Harari turned it down. They decided to keep the technology as an open standard. This thinking led to the creation of Compact Flash and later SD cards, which are used in every device today. At the same time, when the global recession occurred, the pressure on the company increased, but instead of laying off the employees, Sanjay chose a different path. He reduced his basic salary to zero and also reduced the salaries of top officials. He believed that in difficult times the first sacrifice should be made by the leadership. This decision gave him special confidence among the employees. He liked technology more than position, so he left his job. Sanjay was in IDT in the 80s. The company was ready to offer him a better position, but the non-volatile memory project he was working on was shut down. Then he resigned from the job due to his preferred technique. He later said, ‘I was obsessed with memory.’ This stubbornness became the foundation of SanDisk. In 2017, he joined Micron, which is now building a chip facility worth Rs 26 thousand crore in Sanand, Gujarat, in which the company’s stake is Rs 7838 crore.
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Micron’s Indian-origin CEO included in Forbes Billionaires list: Sanjay rejected Kodak’s offer and took Sandisk home
