- Micron raises U.S. capex to $250B+ through 2035 to make ≥40% of DRAM domestically, speed Clay, NY build and expand DRAM/HBM capacity amid strong AI demand; shares rallied intraday.
- Cloud and AI infrastructure spending may hit $1.5T by 2027; memory could capture 35–40%—boosting demand for Micron Technology (MU) memory products. Analysts keep Buy and $1,550 target.
- Micron expects first-wafer output from its New York fab in mid-2027 and a second New York fab in late-2028; Micron also began initial production of 1(1‑alpha) DDR4 in Virginia.
- Micron Technology (MU) said its New York project will create up to 50,000 jobs, including about 9,000 direct roles, with major local contracting, workforce development and community investments.
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Key facts: Micron ups U.S. capex to $250B+; ≥40% DRAM, NY fabs 2027‑28
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Micron raises U.S. capex to $250B+ through 2035 to make ≥40% of DRAM domestically, speed Clay, NY build and expand DRAM/HBM capacity amid strong AI demand; shares rallied intraday.