Micron Lifts U.S. Investment to $250B, Adds $3B GlobalWafers Deal
Micron will spend more than $250 billion through 2035 on U.S. fabs and technology and put $500M into GlobalWafers' Sherman, Texas 300mm plant with a 10-year supply deal.
Key Takeaways
Micron raised its planned U.S. investment to more than $250 billion through 2035, announced July 9, 2026.
The company unveiled a $3 billion supply-chain package, including $500 million in strategic financing for GlobalWafers' 300mm silicon wafer fab in Sherman, Texas, plus a 10-year wafer supply agreement.
Micron poured first concrete at its Clay, New York campus more than a quarter ahead of schedule and reaffirmed a goal of making 40% of its DRAM in the U.S., up from a small single-digit share today.
GlobalWafers is currently the only CHIPS for America Program supplier producing advanced 300mm wafers domestically.
Micron shares rose 7.5% on the news and GlobalFoundries gained 6%, capping a busy week that included Micron's $9.3B HBM plant groundbreaking in Hiroshima.
Kaan Tınmaz
Micron Technology on July 9, 2026 raised its planned U.S. investment to more than $250 billion through 2035 and unveiled a $3 billion package to strengthen the domestic semiconductor supply chain, headlined by $500 million in strategic financing for GlobalWafers' 300mm silicon wafer fab in Sherman, Texas.
New York fab a quarter ahead of schedule
Micron marked the announcement with the first concrete pour at its Clay, New York, campus, more than a quarter ahead of the original plan. The company reiterated a long-term goal of producing 40% of its DRAM in the United States, up from a small single-digit share today, and said the increased capex will underwrite additional direct and indirect jobs in New York, Idaho, Virginia, Utah and Texas.
Locking in domestic wafers
The GlobalWafers piece is designed to guarantee long-term access to advanced 300mm raw silicon wafers made on U.S. soil. Alongside the $500M in strategic financing, Micron and GlobalWafers will enter a 10-year supply agreement and jointly explore next-generation wafer technologies. GlobalWafers is currently the only supplier in the CHIPS for America Program producing advanced 300mm wafers domestically.
How much is Micron investing in the United States?
Micron plans to invest more than $250 billion in U.S. fabs and technology through 2035, supporting jobs in New York, Idaho, Virginia, Utah and Texas.
What is Micron's deal with GlobalWafers?
Micron is providing $500 million in strategic financing for GlobalWafers' 300mm silicon wafer fab in Sherman, Texas, as part of a $3 billion supply-chain package, along with a 10-year supply agreement and joint exploration of next-generation wafer technologies.
Why does the GlobalWafers investment matter for the U.S. supply chain?
It guarantees Micron long-term access to advanced 300mm raw silicon wafers made on U.S. soil; GlobalWafers is the only supplier in the CHIPS for America Program producing advanced 300mm wafers domestically.
How did markets react to the announcement?
Micron shares rose 7.5%, while GlobalFoundries, which has a long-term supply relationship with GlobalWafers, climbed 6%.
