Micron Announces Major US Expansion and Supply‑Chain Funding
Micron Technology disclosed that it will increase its planned United States investment to more than $250 billion through 2035, a move driven by surging demand for artificial‑intelligence‑focused DRAM memory chips. The company also announced a separate commitment of up to $3 billion to strengthen the domestic semiconductor supply chain. Within this $3 billion envelope, Micron will provide $500 million in strategic financing to GlobalWafers to expand its 300 mm silicon wafer facility located in Sherman, Texas, and the two parties will enter a 10‑year supply agreement securing domestic wafer capacity for Micron’s future manufacturing needs.
The announcement highlighted that Micron’s New York fabrication site in Clay has completed its first concrete pour, advancing the project from site preparation to vertical construction more than a quarter ahead of schedule. The New York complex is slated to eventually host up to four fabrication plants and is projected to create approximately 50,000 jobs, of which 9,000 are direct positions. Micron reiterated its long‑term objective of producing 40 % of its DRAM memory chips in the United States.
In addition to the New York facility, Micron referenced ongoing projects in Idaho and Virginia. Collectively, the U.S. manufacturing expansion is expected to generate more than 90,000 jobs while the company remains disciplined in aligning production capacity with market demand.