Micron Raises U.S. Investment to $250B

According to Micron Technology, the company announced on July 9, 2026, that it will increase its planned U.S. investment from the previously committed $200 billion by 2035 to more than $250 billion to address rapidly growing memory demand driven by the AI era.

The expanded investment program covers multiple manufacturing and supply chain projects across New York, Idaho, and Virginia. Micron also marked a key construction milestone at its Micron Clay facility, the largest semiconductor manufacturing project in U.S. history, with the first concrete pour completed more than a quarter ahead of schedule. This milestone marks the transition from site preparation to vertical construction.

Micron said the increased investment supports its long-term goal of producing 40% of its DRAM products in the United States, while creating additional high-paying direct and indirect jobs. The company noted that the expansion reflects confidence in its technology leadership and the sustained demand for advanced memory products.

“On the occasion of America’s 250th anniversary, data and memory are the foundation of the modern economy, and Micron is increasing its U.S. investment to more than $250 billion by 2035 to meet this moment,” said Sanjay Mehrotra, Chairman, President, and CEO of Micron Technology. He added that the early achievement of the construction milestone demonstrates the speed and determination behind the project and reinforces Micron’s commitment to strengthening the domestic semiconductor supply chain and maintaining U.S. technology leadership.

In addition, Micron announced plans to invest up to $3 billion to strengthen the U.S. semiconductor supply chain ecosystem and support critical semiconductor manufacturing infrastructure required for future technological innovation. The investment is intended to secure reliable domestic sources of key manufacturing materials, improve supply assurance, enhance long-term planning flexibility, and support rising demand for advanced memory and storage solutions driven by AI and other data-intensive applications.

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

“Ensuring a reliable supply of critical input materials is essential to supporting Micron’s long-term growth and technology roadmap,” said Ben Tessone, Senior Vice President and Chief Procurement Officer of Micron Technology. He said Micron’s strategic investments in the U.S. semiconductor ecosystem and GlobalWafers’ silicon wafer manufacturing facility demonstrate the company’s commitment to strengthening supply assurance, deepening partnerships with key suppliers, and supporting the expansion of U.S. semiconductor supply chain and manufacturing infrastructure.

“Micron has long been an important partner of GlobalWafers, and we are honored to further deepen our strategic collaboration to support the stable supply of critical materials for the semiconductor industry,” said Doris Hsu, Chairman and CEO of GlobalWafers. She noted that GlobalWafers is currently the only supplier capable of locally producing advanced 300 mm raw silicon wafers in the United States and that the partnership with Micron will help strengthen local manufacturing capabilities and supply chain resilience.

Beyond manufacturing expansion and long-term supply commitments, Micron and GlobalWafers also plan to explore collaboration on next-generation wafer technologies and process innovations to support future semiconductor manufacturing requirements.

The proposed transaction between Micron and GlobalWafers remains subject to the execution of definitive agreements, customary approvals, and closing conditions.