Micron (MU) has selected Bechtel for the first phase of its New York semiconductor complex, a major step in expanding...

Micron (MU) has selected Bechtel for the first phase of its New York semiconductor complex, a major step in expanding U.S. memory capacity (source 62). This aligns with a broader strategy to scale DRAM production for AI workloads, as AI turns DRAM into strategic infrastructure (source 51). The expansion comes amid a memory boom fueled by AI demand; Apple's Tim Cook confirmed iPhone price hikes due to the AI memory crunch, benefiting Micron (source 40). However, competition is intensifying: SK Hynix shipped 12-layer HBM4E samples ahead of schedule, tightening the race with Samsung and pressuring Micron's HBM market share (source 33). Despite this, Micron's record-breaking run and the upcoming June 24 earnings report are seen as a pulse check for the AI rally (source 68). The Bechtel selection signals long-term capacity commitment, supporting upside potential.