Micron Commits Up to $3 Billion to Bolster U.S. Semiconductor Supply Chain

Micron Technology has announced plans to invest up to $3 billion to strengthen the U.S. semiconductor supply chain and support the manufacturing footprint needed for future technology development. The investment reflects Micron's focus on securing a reliable domestic supply of critical manufacturing materials, improving supply assurance and long-term planning flexibility, and meeting growing demand for advanced memory and storage driven by AI and other data-intensive applications.

As part of this investment, Micron will provide GlobalWafers Co., Ltd. with $500 million in strategic financing to support the development and manufacturing capabilities of GlobalWafers America's 300mm raw silicon wafer facility in Sherman, Texas. The two companies will also enter into a 10-year supply agreement giving Micron access to significant raw silicon wafer capacity to support its long-term manufacturing plans and strengthen the broader U.S. semiconductor manufacturing ecosystem.

Ben Tessone, Senior Vice President and Chief Procurement Officer at Micron, said securing a reliable supply of critical input materials is essential to supporting the company's long-term growth and technology roa...