Micron Technology announced that it is accelerating its planned U.S. fab and technology investments and increasing its expected spending to more than $250 billion through 2035. The expanded investment is driven by rising demand for memory in the AI era.
Micron said the investment supports its long-term goal of producing 40% of its DRAM in the U.S. The company also expects the expanded plan to create additional direct and indirect jobs while strengthening domestic semiconductor manufacturing.
The announcement comes as Micron celebrates the first concrete pour milestone at its Clay, New York site. The milestone occurred more than one quarter ahead of the original plan and marks the transition from site preparation to vertical construction.
The Clay site is expected to become the largest semiconductor manufacturing site in U.S. history. Micron also announced plans to invest up to $3 billion to develop the domestic semiconductor supply chain ecosystem in support of its U.S. manufacturing footprint.
Less than six months after breaking ground in January 2026, Micron has completed key early site work in Central New York. The company recently selected Bechtel to support engineering, procurement, and construction for the first New York fab.
Jacobs is serving as the architectural and engineering design partner, while Gilbane Building Company is serving as the preconstruction and site infrastructure contractor. To date, Micron and Gilbane have directed approximately $675 million to New York-based contractors, suppliers, and subcontractors.
More than 80% of the workers on site to date have been New York residents. Micron said the construction phase will require thousands of skilled craft professionals at peak construction, creating opportunities for union trades, apprentices, local training program graduates, specialty contractors, and suppliers.
With up to four fabs planned, Micron’s New York project is the largest private investment in state history. The project is expected to generate 50,000 jobs in New York, including 9,000 direct jobs at Micron.
Micron is also advancing U.S. manufacturing projects in Idaho and Virginia. In Idaho, first wafer output is expected in mid-calendar 2027 for the first fab and late calendar 2028 for the second.
In Virginia, Micron recently launched initial production of its 1-alpha DDR4 technology. This production supports customers’ long-lifecycle product needs in automotive, industrial, medical, aerospace, and defense markets.
Together, Micron said its U.S. projects are expected to create more than 90,000 jobs and advance U.S. economic and national security goals. The company said it will remain disciplined and responsive to market conditions as it aligns its supply plans.
Micron also highlighted its community investments tied to the New York project. The company has committed more than $50 million to Central New York priorities, including workforce development, STEM education, training, veterans’ initiatives, housing, transportation, and childcare.
KEY QUOTES:
“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. I want to thank President Trump, Secretary Lutnick, Governor Hochul, Senator Schumer, County Executive McMahon, and our partners across government and the community for their leadership. Reaching this milestone ahead of schedule reflects the speed and determination behind this project. Micron is proud to bring the world’s most advanced memory manufacturing to Central New York, strengthen the domestic semiconductor supply chain and help secure America’s technology leadership for generations to come.”
Sanjay Mehrotra, Chairman, President and CEO of Micron
“President Trump has made it clear that America is where you should build your business and the world is responding rapidly. 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 and providing leading-edge memory supply here in the United States. The Trump economic model clearly shows there has never been a better time to invest in the United States.”
Howard Lutnick, U.S. Secretary of Commerce
“Today’s milestone marks another major step for Micron in Central New York, and what makes it even more remarkable is that we’re here in July — months ahead of schedule — pouring the concrete foundation. This is the largest private investment in New York State history, and it’s already delivering for New Yorkers, our state economy, and our local businesses. With up to 50,000 jobs on the horizon, we are building the future of American memory manufacturing right here in Central New York, and we are building it fast.”
Kathy Hochul, Governor of New York
“This milestone in Central New York shows Micron’s U.S. 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.”
Manish Bhatia, Executive Vice President of Global Operations at Micron
“Micron’s first concrete pour marks concrete progress towards bringing America’s largest semiconductor manufacturing facility to life right here in Central New York! Micron’s chips are in demand more than ever, and their Central New York project and the 50,000 jobs it’ll create put New York on the global map for advanced chip production. Micron’s total $250 billion U.S. investment is transformative for manufacturing in America and New York. I delivered a $6.1 billion CHIPS grant and billions more in Investment Tax Credit assistance from my CHIPS & Science Law to make this historic project possible. Today, we celebrate a new chapter for American chip manufacturing with Upstate New York leading the way.”
U.S. Senator Charles E. Schumer
