Micron accelerates U.S. investments, pours first concrete at New York fab

Micron Technology Inc. announced it is accelerating its planned U.S. fab and technology investments and increasing its expected spend to more than $250 billion through 2035, driven by surging demand for memory in the AI era. The announcement comes as Micron celebrates the first concrete pour milestone at its Clay, New York site, which occurs more than one quarter ahead of the original plan and marks the transition from site preparation to vertical construction. Micron anticipates that the increase in investments will support its long-term goal of producing 40% of its DRAM in the U.S. while creating additional good-paying direct and indirect jobs. Micron Chairman, President and CEO Sanjay Mehrotra hosted the concrete pour, joined by supplier partners and federal, state and local leaders, including U.S. Secretary of Commerce Howard Lutnick, New York Governor Kathy Hochul, Small Business Administration Administrator Kelly Loeffler, U.S. Chief Technology Officer Dr. Ethan Klein, Onondaga County Executive Ryan McMahon, U.S. Congressman John Mannion, U.S. Congresswoman Claudia Tenney, and Town of Clay Deputy Supervisor Joe Bick. Mehrotra said the investment increase aims to meet the moment as America celebrates its 250th anniversary. Lutnick said the Trump economic model shows there has never been a better time to invest in the United States. Hochul said the milestone marks another major step for Micron in Central New York and noted the project is months ahead of schedule. Less than six months after breaking ground in January 2026, Micron has completed key early site work. The company recently selected Bechtel to partner on the engineering, procurement and construction for the first New York fab. To date, Micron has 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. With up to four fabs, Micron's New York project is the largest private investment in state history and is expected to generate 50,000 jobs in New York, including 9,000 direct Micron jobs. Micron is also making rapid progress in Idaho, with first wafer output expected in mid-calendar 2027 for the first fab and late calendar 2028 for the second. Earlier this year in Virginia, Micron launched initial production of its 1α (1-alpha) DDR4 technology. Together, these projects are expected to create more than 90,000 jobs and advance U.S. economic and national security goals. Micron Executive VP of Global Operations Manish Bhatia said the milestone shows Micron's U.S. manufacturing strategy moving from planning to meaningful local impact. In honor of America's 250th anniversary, Micron recently announced a $250 million investment in Trump Accounts to reach one million children and families. To date, Micron has also committed more than $50 million to community priorities across Central New York.