Micron Technology announced a significant increase in its planned U.S. investment to $250 billion through 2035, up from...

Micron Technology announced a significant increase in its planned U.S. investment to $250 billion through 2035, up from a prior $200 billion commitment. The company also disclosed a $3 billion strategic investment to strengthen the domestic semiconductor supply chain, including $500 million in financing for GlobalWafers' 300mm raw silicon wafer facility in Sherman, Texas, along with a 10-year supply agreement. The investments are driven by surging demand for memory chips from AI workloads, particularly high-bandwidth memory (HBM) and DRAM for hyperscale data centers. Micron shares rose nearly 5% on the announcement (CNBC) and have gained about 250% in 2026. The new fab in Clay, New York, broke ground ahead of schedule and is slated to be the largest semiconductor manufacturing site in U.S. history. Construction is also underway on two fabs in Boise, Idaho. The supply-chain investment with GlobalWafers aims to secure critical raw silicon wafer capacity and supports local manufacturing under the CHIPS for America Program. This capex ramp signals Micron's confidence in sustained AI-driven demand and positions it to capture a larger share of the memory market, pressuring competitors SK Hynix and Samsung. It also benefits AI chip customers like Nvidia, AMD, and hyperscalers such as Microsoft, Meta, Google, and Oracle by ensuring future memory supply.

What the sources said:

• CNBC: "Micron shares rose almost 5% on Thursday after the company announced a new round of investments... the new strategic investment of up to $3 billion includes $500 million for Taiwanese-headquartered GlobalWafers..." (source)
• Micron press release: "Securing a reliable supply of critical input materials is essential to supporting Micron's long-term growth and technology roadmap," said Ben Tessone, chief procurement officer. (source)
• Economic Times: "The investment will support Micron's expansion projects across New York, Idaho and Virginia, reinforcing efforts to bring more semiconductor production back to the United States." (source)