Micron Technology announced plans to invest up to $3 billion to strengthen the U.S. semiconductor supply chain and enable the critical manufacturing footprint needed for future technology innovation. The investment aims to secure a reliable U.S. supply of critical manufacturing materials, enhance supply assurance, and support the growing demand for advanced memory and storage solutions driven by artificial intelligence and data-intensive applications.

As part of the planned investment, Micron will provide GlobalWafers Co., Ltd. with $500 million in strategic financing support to advance the development and manufacturing capabilities of its GlobalWafers America 300mm raw silicon wafer manufacturing facility in Sherman, Texas. The companies will also enter into a 10-year supply agreement to provide Micron with access to significant raw silicon wafer capacity.

Strategic Collaboration

Micron and GlobalWafers intend to explore collaboration on next-generation wafer technologies and process innovations to support future semiconductor manufacturing requirements. The proposed transaction remains subject to definitive agreements, customary approvals, and closing conditions.

Key Investment Details

Executive Commentary

"Securing a reliable supply of critical input materials is essential to supporting Micron’s long-term growth and technology roadmap," said Ben Tessone, senior vice president and chief procurement officer at Micron Technology. He added that the investment reflects a commitment to strengthening supply assurance and deepening collaboration with key suppliers.

Doris Hsu, Chairperson and CEO of GlobalWafers, highlighted that the company is the only raw silicon wafer supplier participating in the CHIPS for America Program capable of locally producing advanced 300mm wafers in the United States. She emphasized that the collaboration would help strengthen local manufacturing capabilities and supply chain resilience.

Micron Technology Inc. climbed nearly 4% in Thursday's premarket session as investors returned to semiconductor stocks amid a stronger broader market. Nasdaq futures rose 0.54%, while S&P 500 futures gained 0.10%. The stock appeared to benefit from renewed risk appetite in growth stocks and a rebound across semiconductor names after recent weakness. Investor sentiment remains supported by optimism around the AI-driven memory supercycle, with recent bullish analyst price forecast increases and long-term supply agreements improving revenue visibility.

Technical Analysis

Micron remains in a strong long-term uptrend despite recent consolidation. The stock is trading roughly 11.7% above its 50-day simple moving average but remains about 6% below its 20-day simple moving average, indicating a short-term pullback. The relative strength index stands at 47.25, a neutral reading suggesting buying and selling pressure are balanced after the stock cooled from overbought levels. Traders are watching resistance near $1,089.50; a break above that level could retest the June high of $1,255. On the downside, initial support is around $854.50, close to the 50-day simple moving average.

Earnings And Analyst Outlook

Micron is expected to report earnings around Sept. 22, 2026. Wall Street expects earnings per share of $31.24, up from $3.03 a year earlier, on revenue of $50.72 billion versus $11.31 billion in the prior-year period. The stock carries a Buy consensus rating with an average price forecast of $1,542.05. Recent bullish calls include price forecast increases from Cantor Fitzgerald and Barclays in late June.

Price Action

Micron Technology shares were up 4.03% at $987.00 during premarket trading on Thursday.