Micron Technology announced it is accelerating its planned US fab investments and increasing its expected spend to more than $250 billion through 2035, driven by surging demand for memory and storage powered by AI. The announcement came as Micron celebrated the first concrete pour milestone at its Clay, New York site — more than one quarter ahead of schedule, marking the transition from site preparation to vertical construction.
Micron anticipates the increased investments will support its long-term goal of producing 40% of its DRAM in the US while creating additional good-paying direct and indirect jobs. The expanded investment plan includes up to $3 billion to develop the domestic semiconductor supply chain ecosystem in support of its US manufacturing footprint.
“As America celebrates its 250th anniversary, data and memory are foundational to the modern economy — and Micron is increasing our US investments to more than $250 billion through 2035 to meet this demand,” said Sanjay Mehrotra, Micron Chairman, President and CEO.
Less than six months after breaking ground in January 2026, Micron has completed key early site work. The company has directed approximately $675 million — more than half of the total awarded value to date — to New York-based contractors, subcontractors, and suppliers. Micron is also making rapid progress in Idaho, with first wafer output expected in mid-calendar 2027 for the first fab at its Boise site.
