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Micron Technology Inc. (MU) said Friday it began manufacturing a crucial memory chip at its Manassas, Virginia, facility as part of a multi-billion-dollar expansion to ramp up semiconductor production in the U.S. amid rising demand for artificial intelligence.
Micron said the expanded Virginia facility has begun producing 1α (1-alpha) DRAM, which it claims is the “most advanced memory ever produced in the United States.”
“Micron's 1α node, the world's most advanced DDR4 technology, will quadruple the company's DDR4 wafer supply in Manassas, reinforcing a secure domestic source of long-lifecycle DDR4 and LP4 memory for customers,” the company stated.
The announcement comes as the United States pours billions into producing chips domestically and establishing major semiconductor facilities across the country, amid a supply crunch for memory and related components driven by the aggressive AI infrastructure buildout.
Micron alone is planning to spend $200 billion in the U.S. over several years, and the latest expanded manufacturing in Virginia represents a $2 billion investment, creating more than 3,100 direct manufacturing and community jobs.
The company said its manufacturing expansion will also help the automotive, defense and aerospace, industrial, networking, and medical device sectors that depend on 1α DRAM. “As the only United States manufacturer of memory, Micron is uniquely positioned to strengthen America’s domestic memory supply,” the company added.
On Stocktwits, retail sentiment toward MU stock remained in ‘bullish’ territory over the last 24 hours, with many users citing manufacturing news.
One user on the platform said once the stock hits $1,000, it would need a stock split similar to Nvidia.
Another user said opportunities like this are rare.
MU stock has nearly tripled so far this year and has risen eightfold over the past 12 months, outperforming the benchmark S&P index.
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