Micron Technology announced a $50 billion expansion in Boise, Idaho. The plan involves constructing two new semiconductor fabrication plants. This project will effectively double the size of the company's existing Boise campus. The first facility is scheduled to open in mid-2027. The second facility expects to begin operations before the end of 2028. These plants will produce DRAM and high-bandwidth memory chips for AI data centers.
This investment belongs to a broader $200 billion global expansion strategy. The strategy includes a $100 billion facility planned for Syracuse, New York. Micron is also developing a $9.6 billion manufacturing site in Hiroshima, Japan.
Management cites sustained AI-driven demand as the primary driver for these investments. The company currently generates over $22 billion in cash flow before capital expenditures. Tight DRAM supply and elevated market pricing continue to support these margins.
A consensus of 28 analysts maintains a Buy rating on the stock. Analysts set a 2026 price target of $357.07. Shares gained 5.30% on February 18. The stock closed that session at $420.95. Shares traded at $421.26 during the February 19 pre-market session.