Micron CEO Sanjay Mehrotra announced a $10 billion investment in a new Boise-based research lab, arguing that memory chips are no longer commodities but critical AI infrastructure. The move aims to secure long-term margins through strategic customer agreements, though 60% of revenue remains exposed to cyclical pricing.
Micron Technology has announced a $10 billion investment to establish Micron Research Labs in Boise, Idaho, focusing on advanced memory technologies and semiconductor manufacturing. The facility, expected to break ground in 2027, will host hundreds of researchers and aim to address critical bottlenecks in AI infrastructure, specifically the challenge of moving and storing data for powerful accelerators. The lab will collaborate with academia, government, and industry partners, looking beyond a 10-year technology horizon to develop new memory and compute architectures. This move complements Micron’s existing $50 billion expansion in Boise and its broader commitment of over $250 billion to U.S. manufacturing and R&D, which is projected to create more than 90,000 jobs.
Micron Technology is executing a $50 billion expansion in Boise, Idaho, to build two new chip fabrication plants and a $10 billion research campus. This move aims to produce 40% of its DRAM in the U.S. by 2035, creating over 17,000 jobs. The surge has driven Micron's stock up 670% in a year, minting local millionaires but causing housing costs and traffic congestion to rise sharply in the city.