Micron Technology boosted its U.S. investment commitment to $250 billion from $200 billion through 2035 on Thursday and laid the foundation for a new manufacturing facility in Clay, New York. The chipmaker aims to manufacture 40% of its DRAM domestically as part of efforts to strengthen the U.S. semiconductor supply chain. The expansion aligns with a broader Trump administration initiative to reduce reliance on other nations for semiconductor production.
At the time of writing, MU stock was up 7% and ranked among the top ten trending tickers on Stocktwits.
Micron Lays Foundation At New York Facility Ahead Of Schedule
Micron announced that it laid the foundation for its manufacturing facility in Clay, New York, achieving the milestone more than one quarter ahead of schedule. The upcoming facility will support Micron's long-term goal of manufacturing 40% of its DRAM in the U.S.
The announcement follows the company's start of 1-alpha DRAM manufacturing in Virginia in May, after expanding its Manassas production facility. Micron is among key semiconductor companies pledging billions in U.S. investments as part of the Trump administration's semiconductor supply chain initiative.
"Micron is proud to bring the world's most advanced memory manufacturing to Central New York, strengthen the domestic semiconductor supply chain and help secure America's technology leadership for generations to come," said Micron CEO Sanjay Mehrotra.
Micron Invests $3 Billion In Texas And Partners With GlobalWafers
Micron will invest $3 billion in Texas and provide silicon wafer firm GlobalWafers with $500 million in financing. The financing will be used for expanding GlobalWafers' 300-millimeter wafer manufacturing facility in Sherman, from which Micron will source raw materials for 10 years.
The two companies will work together to develop new wafer technologies and processes for future chip production needs.
Investments Support Ford And General Motors Supply Commitments
The investments are expected to help Micron fulfill commitments under its recently struck supply deals with Ford and General Motors. Automakers rely on advanced chips for newer vehicles that feature AI and other computing capabilities.
Retail Traders Express Bullish Sentiment On MU Stock
Retail sentiment toward MU stock remained in 'bullish' territory over the last 24 hours on Stocktwits. One user on the platform views the $3 billion investment as a "bullish long-term signal for domestic supply chain buildout."
Another user said the company is stepping up the capex story.
MU shares have more than tripled in value so far this year and have increased more than eightfold over the past 12 months.
FAQ
What did Micron announce on Thursday regarding its U.S. investments?
Micron boosted its overall U.S. investment commitment to $250 billion from $200 billion through 2035 and laid the foundation for a new manufacturing facility in Clay, New York, more than one quarter ahead of schedule.
How much is Micron investing in Texas and what is the partnership with GlobalWafers?
Micron will invest $3 billion in Texas and provide GlobalWafers with $500 million in financing to expand its 300-millimeter wafer manufacturing facility in Sherman. Micron will source raw materials from GlobalWafers for 10 years, and the two companies will collaborate on developing new wafer technologies.
Why are Micron's investments significant for the automotive industry?
The investments are expected to help Micron fulfill commitments under its recently struck supply deals with Ford and General Motors, as automakers rely on advanced chips for newer vehicles featuring AI and other computing capabilities.
