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Micron Raises U.S. Commitment Above $250 Billion as Clay Megafab Starts Vertical Construction

Micron is locking long‑term funding and supplier access to secure AI memory supply as new U.S. fabs will not reach volume for several years.

Micron aims to produce 40% of its DRAM in the U.S.
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Micron raised its U.S. investment plan to $250 billion as CEO Sanjay Mehrotra declined to say when the memory shortage will end.

Overview

  • Micron announced on Thursday that it increased its planned U.S. investment to more than $250 billion through 2035 and held the first concrete pour at its Clay, New York DRAM campus, marking the start of vertical construction.
  • The company said it aims to produce roughly 40% of its DRAM in the United States and expects the Clay campus to support about 50,000 New York jobs with roughly 9,000 direct Micron roles as part of a broader plan to create more than 90,000 jobs nationwide.
  • Micron committed up to $3 billion to shore up U.S. supply chains, including a $500 million strategic investment in GlobalWafers’ Sherman, Texas 300 mm plant plus a 10‑year wafer supply agreement to secure scarce substrate capacity.
  • Short‑term supply pressure remains: Micron projects first wafer output from its first Idaho fab in mid‑2027, a second Idaho fab in late‑2028, and Clay production around 2030, and it says memory is in deep shortage today while it has signed strategic customer contracts running toward 2030.
  • The plan shifts memory production geography and reduces geopolitical exposure but carries multi‑year execution and competition risks, could keep DRAM prices elevated until new capacity arrives, and will shape regional labor, supply‑chain and national security policy debates.