Micron has increased its planned US investment to more than US$250 billion through 2035 as it celebrates the first concrete pour at its flagship New York semiconductor fabrication plant. The expansion reflects growing demand for AI memory technologies and reinforces efforts to strengthen domestic semiconductor manufacturing and supply chain resilience.
Micron Technology is accelerating its planned US fab and technology investments, increasing its expected spend to more than US$250 billion through 2035 as unprecedented demand for AI infrastructure continues to reshape the global semiconductor industry.
The announcement coincides with a major construction milestone at the company’s Clay, New York campus, which is expected to become the largest semiconductor manufacturing site in US history.
The investment represents one of the largest commitments ever made to advanced semiconductor manufacturing in the United States. As demand for AI accelerators, cloud infrastructure and high-performance computing platforms continues to grow, memory technologies such as DRAM have become a critical component of the global technology ecosystem. Micron’s latest expansion is designed to position the company at the forefront of this rapidly evolving market while strengthening domestic production capacity and reducing reliance on overseas manufacturing.
Micron anticipates that the increased investment will support its long-term goal of producing 40% of its DRAM in the US while creating additional well-paid direct and indirect jobs. The expanded investment reflects the company’s confidence in its technology leadership and continued demand for its leading-edge memory products.
The announcement also marks an important construction milestone. The first concrete pour at the Clay facility comes more than one quarter ahead of the original schedule, signalling the project’s transition from extensive site preparation into full vertical construction.
Micron has also announced plans to invest up to US$3 billion to help develop the domestic semiconductor supply chain ecosystem supporting its expanding US manufacturing footprint.
The supply chain investment is expected to support suppliers across multiple stages of semiconductor production, helping create a stronger ecosystem capable of supporting long-term manufacturing growth within the United States. As governments and technology companies seek greater resilience in critical industries, investment in domestic manufacturing has become increasingly important to national economic competitiveness and technology leadership.
“As America celebrates its 250th anniversary, data and memory are foundational to the modern economy – and Micron is increasing our U.S. investments to more than $250 billion through 2035 to meet that moment,” said Sanjay Mehrotra, Micron Chairman, President, and CEO.
The milestone reflects the speed at which one of the world’s most ambitious semiconductor manufacturing projects is progressing. Once fully developed, the New York campus is expected to become the centrepiece of Micron’s long-term US manufacturing strategy and a key contributor to future AI infrastructure, supporting growing demand for advanced memory technologies across cloud computing, enterprise systems, automotive applications and next-generation intelligent devices.
The scale of the project reflects the wider transformation taking place across the semiconductor sector as AI workloads drive unprecedented demand for advanced memory. High-capacity, high-bandwidth DRAM has become an essential component in training and deploying increasingly sophisticated AI models, making investment in domestic manufacturing capability a strategic priority for both industry and government.
The Clay development also demonstrates the growing importance of partnerships between technology companies, construction specialists, equipment suppliers and public sector organisations. Such collaboration is expected to play a significant role in ensuring the United States can expand semiconductor production while building the skilled workforce required to support long-term growth.
Less than six months after breaking ground in January 2026, Micron has completed key early site work and is transitioning to vertical construction having selected Bechtel to partner on the engineering, procurement and construction for the first New York fab. Jacobs, the architectural and engineering design partner, and Gilbane Building Company, the preconstruction and site infrastructure contractor, will also join.
Construction activity has already generated significant economic benefits across the state. To date, Micron, in partnership with Gilbane during the early site works phase, has directed approximately US$675 million – more than half of the total awarded contract value so far – to New York-based contractors, suppliers and subcontractors, including companies from Syracuse, Liverpool, Rome, Rochester, Watertown, Buffalo and Binghamton. More than 80% of workers on the site to date have been New York residents, underlining the project’s impact on regional employment and business development.
Building the facility will require thousands of skilled craft professionals during peak construction, creating opportunities for union trades, apprentices, graduates of local training programmes, specialist contractors and suppliers. With plans for up to four fabrication plants, Micron’s New York campus represents the largest private investment in the state’s history and is expected to generate up to 50,000 jobs, including approximately 9,000 direct Micron positions.
Beyond the construction phase, the project is expected to support a broader innovation ecosystem by attracting suppliers, research organisations, educational institutions and technology partners to Central New York. The long-term objective is to establish the region as one of the leading semiconductor manufacturing hubs in North America, capable of supporting future generations of AI, cloud computing and advanced electronics.
Building America’s memory across the United States
The New York project forms the cornerstone of Micron’s wider US investment strategy. The company is also making rapid progress in Idaho, where first wafer output is expected in mid-calendar 2027 for the first fab and late calendar 2028 for the second.
Earlier in 2026, in Virginia, Micron launched initial production of its 1α (1-alpha) DDR4 technology, supporting customers with long lifecycle requirements across the automotive, industrial, medical, aerospace and defence sectors.
Together, these projects are expected to create more than 90,000 jobs while supporting broader US economic and national security objectives. Micron has said it will continue taking a disciplined approach to investment while aligning manufacturing capacity with evolving market demand.
As Micron expands manufacturing capacity across New York, Idaho and Virginia, the company is positioning itself to support the next generation of AI applications that increasingly depend on advanced memory technologies. Industry analysts expect demand for high-performance memory to continue rising as organisations deploy larger AI models, autonomous systems and increasingly data-intensive cloud services. Against this backdrop, investments in domestic manufacturing are becoming central to long-term technology and economic strategies.
Manish Bhatia, Micron Executive Vice President of Global Operations, said the company’s manufacturing strategy is already delivering tangible benefits for local communities.
“This milestone in Central New York shows Micron’s US manufacturing strategy moving from planning to meaningful local impact. As we build the capacity, workforce and supplier base needed for the AI era, we are creating opportunities for New York businesses, skilled trades and communities to grow with us. What we are building here will contribute to a thriving semiconductor hub in Central New York, complementing Micron’s existing sites in Idaho and Virginia.”
The wider investment strategy reflects the increasing recognition that advanced manufacturing projects depend not only on cutting-edge facilities but also on long-term investment in local communities, education and workforce development. By supporting training programmes and regional infrastructure alongside semiconductor production, Micron aims to build a sustainable ecosystem capable of supporting future generations of manufacturing talent.
The company’s announcement comes at a time when governments and technology companies around the world are seeking to secure semiconductor supply chains while accelerating AI innovation.
With advanced memory now recognised as a critical enabling technology, large-scale investments such as Micron’s are expected to play an increasingly important role in shaping the future of global Digital Transformation and advanced manufacturing.
