Overview
- Micron poured first concrete at its Clay, New York megafab more than three months ahead of schedule, a construction milestone announced this week that starts vertical work on the campus.
- The company formally raised its planned U.S. manufacturing and R&D spending to more than $250 billion through 2035 and set a goal of producing 40% of its DRAM on U.S. soil.
- Micron committed up to $3 billion to shore up the domestic supply chain, including a $500 million position in GlobalWafers’ Sherman, Texas 300 mm plant and a 10‑year wafer‑access agreement.
- The expansion follows record financial results and heavy AI demand that have driven unprecedented margins and prompted Micron to sign long‑term supply deals with major customers through 2030.
- The buildout faces multi‑year lead times and execution risks — equipment delivery, yield ramps and competitor capacity — and Micron’s new plants (Idaho first output mid‑2027; Clay not expected to ship until around 2030) mean tight DRAM supply may persist for years.