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Micron (MU) to Spend $200B on New Factories as Memory Chip Demand Explodes [Yahoo! Finance]
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations: investors.micron.com
On February 16, The Wall Street Journal reported that Micron Technology Inc. (NASDAQ:MU) is spending $200 billion as it rushes to add manufacturing capacity to avert the biggest supply crunch the memory chips industry has seen in more than 40 years. In its headquarters, Micron Technology Inc. (NASDAQ:MU) is spending $50 billion to more than double the size of its 450-acre campus, including the construction of two new chip factories, with the inaugural silicon wafers expected to roll off the factory line in mid-2027. The company also broke ground on a $100 billion fab complex that represents the largest-ever private investment in the state of New York, after announcing a $9.6 billion fab investment in Hiroshima, Japan, last year. Micron (MU) to Spend $200B on New Factories as Memory Chip Demand Explodes Amid the AI boom, which resulted in demand far outpacing capacity in the memory-chip market, the processors designed by companies including Nvidia, Google, Broadcom, and Advanced
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