ExpansionJul 9, 2026, 08:45 AM
Micron Increases US Investment to Over $250B by 2035; NY Fab Ahead of Schedule
AI Summary
Micron Technology, Inc. announced it is accelerating its planned U.S. fab and technology investments, increasing its expected spend to more than $250 billion through 2035. This expanded investment is driven by surging demand for memory in the AI era and aims to support the long-term goal of producing 40% of its DRAM in the U.S., creating significant direct and indirect jobs. The announcement coincides with the celebration of the first concrete pour milestone at its Clay, New York site, which occurred more than one quarter ahead of the original plan, marking the transition to vertical construction. Micron also plans to invest up to $3 billion to develop the domestic semiconductor supply chain ecosystem.
Key Highlights
- Micron increases U.S. fab and technology investments to over $250 billion through 2035.
- Aims to produce 40% of its DRAM in the U.S. with expanded investments.
- Concrete pour milestone at Clay, New York site achieved over one quarter ahead of schedule.
- Plans to invest up to $3 billion to develop the domestic semiconductor supply chain ecosystem.
- New York project expected to generate 50,000 jobs, including 9,000 direct Micron jobs.
- Micron also making progress in Idaho (first wafer output mid-2027) and Virginia (initial 1α DDR4 production).
- Committed $250 million to Trump Accounts for children and families, and over $50 million to Central New York community priorities.
Price Impact
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