Micron Increases Investments in the USA to Over $250 Billion: AI Memory Accelerates Plans

Micron Technology has announced a significant increase in its investment plan in the United States, raising it to over $250 billion by 2035. This is about $50 billion more than previous projections, a decision motivated by the growing demand for DRAM and other memories intended for AI workloads.

The company explained that the new plan will contribute to its strategic goal of producing about 40% of its DRAM production capacity in the United States in the long term, while also strengthening the national semiconductor supply chain and creating thousands of direct and indirect jobs.

The announcement coincides with an important milestone reached at the Clay site in New York State, where the first concrete pour for the foundation of the future plant has been made. The operation comes more than three months ahead of the initial schedule and marks the transition from site preparation to actual construction. According to Micron, the complex will become the largest semiconductor manufacturing site ever built in the United States.

The New York project is at the center of the company’s American manufacturing strategy. Once fully operational, it could comprise up to four factories and generate about 50,000 jobs in the state, of which 9,000 will be directly employed by Micron. During the construction phase, thousands of skilled workers will be employed, while over 80% of the workforce present on the site so far comes from New York State. The company also highlighted that it has already awarded about $675 million in contracts to local businesses, suppliers, and subcontractors.

In parallel with the production expansion, Micron has announced a new strategic investment of up to $3 billion aimed at strengthening the U.S. supply chain. Of this amount, $500 million will be allocated to Taiwanese GlobalWafers to expand silicon wafer development and production activities at the company's Texas facilities. The agreement also includes a ten-year contract for wafer supply. According to Micron, securing a stable supply of critical materials is essential to support future growth and its technological roadmap.

The expansion in the United States is not limited to New York. In Boise, Idaho, where the company is headquartered, work continues on two new factories: the first is expected to begin wafer production in mid-2027, while the second is planned for the end of 2028. In Virginia, Micron has already initiated the initial production of DDR4 memory made with the 1α (1-alpha) manufacturing process, aimed at sectors characterized by long product life cycles such as automotive, industrial, medical, aerospace, and defense.

The announcement was positively received by investors. In the following session, Micron's shares rose by about 4.5%, also boosting other stocks in the sector. The memory manufacturer has had a particularly positive 2026 in the stock market, with the stock increasing by about 250% and reaching a market capitalization of $1 trillion for the first time last May.