Micron delays New York chipmaking fabs by five years, but accelerates second fab in Idaho and reallocates CHIPS Act funding

Micron has delayed the opening of its New York chipmaking fabs near Clay until late 2033, a five-year setback from the original 2025 timeline. However, the company is accelerating the construction of its Idaho fabs and reallocating CHIPS Act funding to that facility. The delay in New York is attributed to a longer construction phase for the initial fab, pushing back the entire project timeline. Micron has redirected $1.2 billion of federal grant money from New York to Idaho, indicating a strategic reshuffling of project priorities. Despite the delays, Micron remains committed to producing a significant portion of its DRAM output in the U.S.