Watch CNBC's full interview with Micron CEO Sanjay Mehrotra on earnings

Micron Technology CEO Sanjay Mehrotra joins CNBC's 'Squawk on the Street' to discuss the company's latest quarterly earnings report, which beat Wall Street's estimates on the top and bottom lines. The semiconductor company also provided an upbeat forecast amid strong demand for its chips. Mehrotra explains to Mad Money host Jim Cramer why the company believes chip shortages are beginning to ease and what that means for Micron.