Micron significantly increased its planned U.S. capital expenditure to $250 billion through 2035, up from $200 billion,...

Micron significantly increased its planned U.S. capital expenditure to $250 billion through 2035, up from $200 billion, and advanced construction at its New York fab ahead of schedule. The company also committed $500 million in strategic financing to GlobalWafers for the sole U.S. 300mm raw silicon wafer plant in Sherman, Texas, and signed a 10-year supply agreement for its output. This secures a critical substrate for leading-edge DRAM and NAND production, directly supporting AI memory demand.

What the sources said

• Tom's Hardware: "Micron has said it will invest up to $3 billion in the U.S. semiconductor supply chain, with $500 million of that going to GlobalWafers... alongside a 10-year agreement giving Micron access to that plant's wafer output." Also: "raised its planned U.S. spending to more than $250 billion through 2035, up from $200 billion, and confirmed the first concrete pour at its Clay, New York campus more than a quarter ahead of schedule." Source
• Reddit discussion referencing Quartz: "The New York facility... is expected to be the largest semiconductor manufacturing site in U.S. history, the company said. With up to four fabs planned, the project is projected to generate 50,000 jobs in New York, including 9,000 direct Micron positions." Source
• Micron's Investor Relations page confirms the Q3 FY2026 earnings presentation (no specific quote). Source