Overview
- Micron announced a plan to spend $250 billion on U.S. manufacturing through 2035 focused on DRAM and high‑performance memory for AI workloads.
- The company will put up to $3 billion toward strengthening U.S. suppliers, including $500 million to expand GlobalWafers’ Sherman, Texas facility.
- Micron secured an exclusive ten‑year supply agreement for 300‑mm silicon wafers and a partnership with the only CHIPS Act–approved advanced wafer manufacturer in the U.S. to lock in critical raw materials.
- Investors pushed Micron shares higher on the news, reflecting optimism about AI demand, but the company and analysts warn the program carries major capital, timing and execution risks.
- The moves build on U.S. policy to onshore chips and follow Micron’s ongoing factory work in New York and Idaho, which the company says will phase in new fabs and production over the next several years.