Key Highlights
- Micron shares surged 7% following the announcement of expanded U.S. investments exceeding $250 billion by 2035
- A separate $3 billion pledge targets strengthening America’s semiconductor supply chain infrastructure
- GlobalWafers receives $500 million to enhance its Texas silicon wafer production, secured through a decade-long supply partnership
- Construction at Micron’s upstate New York facility reached a major milestone over 25% ahead of projected timelines — potentially becoming America’s largest chip manufacturing complex
- Semiconductor equipment makers including Applied Materials, KLA Corp, Lam Research, and ARM Holdings gained on the announcement
Shares of Micron Technology (MU) jumped 7% during Thursday’s trading session after the memory chip giant revealed an ambitious expansion of its American manufacturing operations, elevating its total planned domestic investment beyond $250 billion through 2035.
BREAKING: Micron, $MU, announces plans to invest up to $3 billion to ”strengthen the US semiconductor supply-chain ecosystem.”
Micron also raises its planned US investment to over $250 billion through 2035, which it expects to create over 90,000 jobs.
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The updated investment represents an approximately $50 billion increase from prior projections, fueled by explosive demand for memory semiconductors linked to artificial intelligence infrastructure development.
MU shares traded near $1,017 during Thursday’s session, marking a $68 gain for the day.
Beyond the manufacturing expansion, Micron revealed an additional $3 billion initiative focused on bolstering the United States semiconductor supply chain.
Within that commitment, $500 million is allocated to GlobalWafers — a Taiwan-based supplier — for expanding its 300-millimeter silicon wafer production capabilities in Sherman, Texas. This investment comes with a 10-year supply contract ensuring domestic wafer availability for Micron’s expanding operations.
“Establishing dependable access to essential input materials is fundamental to enabling Micron’s sustained expansion and technological advancement,” stated Ben Tessone, Micron’s chief procurement officer.
Upstate New York Facility Reaches Construction Milestone Early
A particularly significant development was the initial concrete pour at Micron’s manufacturing facility in Clay, New York — a critical construction phase achieved more than 25% earlier than originally scheduled.
The upstate New York location is designed to accommodate as many as four semiconductor fabrication facilities. According to Micron, the complex could ultimately become the nation’s most expansive chip production site.
The initiative is forecast to generate approximately 50,000 total employment opportunities, including 9,000 direct manufacturing positions.
When combined with Micron’s operations in Idaho and Virginia, the company anticipates its complete U.S. expansion will create over 90,000 jobs nationwide.
Domestic DRAM Manufacturing Goals
Micron has set an ambitious objective to manufacture 40% of its DRAM memory semiconductors on American soil. The increased capital deployment is structured to advance this target by expanding production capacity and decreasing dependence on international suppliers.
The semiconductor industry broadly benefited from Thursday’s announcement. Applied Materials, KLA Corp, and Lam Research each advanced approximately 7% during the session. ARM Holdings outperformed the group with an 11% surge.
These investments complement the federal government’s sustained efforts to reshore semiconductor manufacturing capabilities and establish a more secure domestic supply infrastructure.
The transition of Micron’s New York facility from preliminary site work to active vertical construction represents the clearest indication yet that semiconductor reshoring initiatives are progressing from planning stages to tangible implementation.
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