Micron commits $250B to U.S. through 2035; largest domestic fab campus in New York pours concrete
Micron Technology announced a $250 billion commitment to U.S. manufacturing through 2035, a $50 billion increase from its prior $200 billion pledge and driven by record AI memory demand. The expanded spending targets advanced DRAM production across New York, Idaho, and Virginia, with the goal of producing 40% of Micron's global DRAM domestically by 2035. The New York fab campus near Syracuse—now running ahead of schedule—is expected to become the largest semiconductor manufacturing site in U.S. history with up to four fabs and 50,000 jobs created.
As part of the commitment, Micron is investing $3 billion to strengthen the U.S. semiconductor supply chain ecosystem, including $500 million in strategic financing for GlobalWafers to expand its 300mm silicon wafer facility in Texas, backed by a 10-year supply agreement. First wafer output from Micron's Idaho fabs is expected in mid-2027 (first fab) and late 2028 (second fab). The company also announced long-term memory supply agreements with Ford and General Motors, locking in $22 billion in committed customer orders and positioning Micron as a critical supplier for automotive and data center workloads.
For architects: this signals confidence in memory-constrained AI compute through the 2030s. Micron's stock surged nearly 250% YTD and hit $1 trillion market cap in May; this expanded capex commitment reflects sustained demand from hyperscalers and AI infrastructure buildout. Combined with Samsung/SK Hynix's $880B commitment and Micron's 90,000+ job projection, the memory shortage now drives a decade-long reshoring cycle for DRAM and HBM—expect pricing to remain elevated but supply curves to tighten by 2028-2029 as capacity comes online.
Sources
- Primary source
- finance.yahoo.com
“Micron Technology said it plans to invest more than $250 billion in the U.S. through 2035, driven by surging demand for memory chips in the AI era. The new investment plan represents a jump from the $200 billion announced last June.”
- interestingengineering.com
“Commerce Secretary Howard Lutnick said, Today, Micron pours the foundation on its massive semiconductor campus in upstate New York and increases its American investment commitment to $250 billion, creating nearly 100,000 jobs.”
- cnbc.com
“Micron shares have rocketed almost 250% in 2026, hitting a $1 trillion market cap for the first time in May. The New York facility will be the largest semiconductor manufacturing site in U.S. history.”
- trendforce.com
“Micron is allocating $3 billion to strengthen the U.S. semiconductor supply chain, with $500 million to GlobalWafers for its 300-mm silicon wafer manufacturing facility in Sherman, Texas, through a 10-year long-term supply agreement.”