Micron’s bold wafer play could reshape AI chip supply
Micron Technology said it will invest up to $3 billion to back GlobalWafers’ Texas wafer-fab project and raised its long-term U.S. investment target to over $250 billion by 2035, part of a plan to bolster domestic chip production and memory output. Wedbush viewed the move as signaling tighter silicon wafer supply amid growing AI and memory-chip demand, while also noting the risk of oversupply if capacity expands too much.