Micron Technology is increasing its planned U.S. investments to more than $250 billion through 2035. Surging demand for AI-related memory chips drives this accelerated spending.
The company began vertical construction at its Clay, New York, site. This facility will become the largest semiconductor manufacturing plant in U.S. history. Federal and state officials, including the U.S. Secretary of Commerce, attended the milestone event.
Micron separately committed up to $3 billion to strengthen the domestic semiconductor supply chain. This initiative includes $500 million in strategic financing for GlobalWafers' silicon wafer facility in Texas. A 10-year supply agreement secures this investment to ensure a resilient supply of critical materials for AI applications.