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yesterday

Micron Commits More Than $250 Billion to U.S. DRAM Buildout

The company says the expansion is a response to a deep, AI-driven memory shortage and is backed by early construction progress and supplier financing.

Micron aims to produce 40% of its DRAM in the U.S.
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Overview

  • Micron announced an increase in planned U.S. manufacturing and R&D spending to over $250 billion through 2035 and set a target to make roughly 40% of its DRAM in the United States.
  • The company marked early construction progress with the first concrete pour at its Clay, New York megafab, which Micron says is ahead of schedule and signals the start of vertical building.
  • Micron said it will invest up to $3 billion to strengthen the U.S. supply chain, including a $500 million strategic position in GlobalWafers and a separate 10-year wafer access agreement to secure 300 mm silicon supply.
  • The investment follows record financial results driven by AI demand, which Micron describes as producing a multi-year shortage for DRAM and high-bandwidth memory and has prompted long-term customer supply deals.
  • New U.S. fab output is staggered with first wafer production from an Idaho site expected in mid-2027 and Clay not forecast to produce until around 2030, a schedule that creates near-term tightness, large job promises and execution risks in equipment delivery, yields and competition.