Micron to begin work on $100 billion New York 'megafab' imminently — landmark site to produce 40% of company's overall DRAM output in the U.S. by the 2040s

Micron is set to begin construction on a $100 billion "megafab" in New York, with plans to produce 40% of its DRAM output in the U.S. by the 2040s. The site will house four fab modules and is expected to be fully operational by 2041. This project represents the largest private investment in New York and one of the most expensive semiconductor manufacturing operations in the U.S. The groundbreaking ceremony precedes ground preparation, with the first facility expected to start operations by 2029. Micron's long-term plan includes investing $150 billion in six fab modules in America by 2045, aiming to boost DRAM production in the U.S. and enhance the American semiconductor industry.