Micron Raises U.S. Investment to Over $250 Billion Through 2035 and Pours First Concrete at New York Fab

Micron Technology announced it is accelerating its U.S. fab and technology investments and increasing its expected spend to more than $250 billion through 2035, citing surging demand for memory in the AI era.

The company stated that the higher investment level supports its long-term goal of producing 40% of its DRAM in the United States and will create additional good-paying direct and indirect jobs. Micron also plans to invest up to $3 billion to develop the domestic semiconductor supply chain ecosystem.

The announcement coincides with the first concrete pour at its Clay, New York site. The milestone occurred more than one quarter ahead of the original schedule and marks the shift from site preparation to vertical construction. Chairman, President and CEO Sanjay Mehrotra hosted the event, joined by supplier partners and federal, state, and local officials including U.S. Secretary of Commerce Howard Lutnick, New York Governor Kathy Hochul, Small Business Administration Administrator Kelly Loeffler, U.S. Chief Technology Officer Dr. Ethan Klein, Onondaga County Executive Ryan McMahon, U.S. Congressman John Mannion, U.S. Congresswoman Claudia Tenney, and Town of Clay Deputy Supervisor Joe Bick.

Pic above: A commemorative plaque marks the milestone concrete pour at Micron...