Micron Technology has announced plans to invest up to $3 billion to strengthen the US semiconductor supply chain.
The investment is designed to improve access to critical manufacturing materials and support future chip production.
The company said the move will also help meet rising demand for advanced memory and storage products used in artificial intelligence and data-intensive applications.
A key part of the investment includes $500 million in strategic financing for GlobalWafers Co., Ltd. The funding will support the expansion of GlobalWafers America’s 300mm silicon wafer manufacturing facility in Sherman, Texas. The two companies also plan to sign a 10-year supply agreement to secure a steady supply of raw silicon wafers for Micron’s long-term manufacturing needs.
Silicon wafers are the thin, polished discs that serve as the base material for making semiconductor chips. These wafers are essential for producing memory chips, processors, and many other electronic components. A stable domestic supply helps manufacturers reduce dependence on overseas sources and lowers the risk of supply disruptions.
Micron Strengthens Supply Chain
Micron said the agreement reflects its long-term strategy to strengthen the domestic semiconductor ecosystem. The company aims to improve supply assurance while giving its manufacturing operations greater flexibility for future expansion. It also expects closer collaboration with suppliers to support long-term technology development.
Ben Tessone, Senior Vice President and Chief Procurement Officer at Micron, said securing reliable access to critical materials is essential for the company’s future growth.
He added that the investment strengthens collaboration with key suppliers while supporting the expansion of semiconductor manufacturing infrastructure in the US. Tessone said these efforts will help build a stronger supply chain capable of supporting future innovation and increasing demand for advanced memory products.
GlobalWafers welcomed the expanded partnership and highlighted its role in domestic wafer production. Chairperson and CEO Doris Hsu said Micron has been a long-standing partner and that the new agreement deepens their strategic relationship.
She added that GlobalWafers is currently the only raw silicon wafer supplier participating in the CHIPS for America Program that can manufacture advanced 300mm wafers within the US.
The companies also plan to explore cooperation on next-generation wafer technologies and manufacturing processes. These efforts are expected to support future semiconductor production requirements as chip designs become more advanced. The proposed transaction remains subject to final agreements, regulatory approvals, and standard closing conditions.
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The announcement received support from several US government leaders who highlighted its economic and strategic importance.
US Secretary of Commerce Howard Lutnick said Micron’s investment strengthens America’s position in a sector vital to both the economy and technological leadership. He said investments in domestic manufacturing create stronger conditions for businesses and workers across the country.
US Trade Representative Ambassador Jamieson Greer said memory chips play an essential role in products ranging from satellites and vehicles to medical devices and defense systems.
He said expanding domestic manufacturing supports national supply chain resilience while creating additional jobs. Greer added that the investment aligns with efforts to encourage companies to manufacture and innovate within the US.
Texas lawmakers also praised the project for its regional impact. Senator John Cornyn said Micron’s investment will expand GlobalWafers’ Sherman facility, create jobs, and strengthen US chip manufacturing capabilities. Congressman Pat Fallon said reliable access to critical materials is essential for maintaining a secure domestic semiconductor supply chain.
Sherman Mayor Shawn Teamann said the city has become a major center for semiconductor manufacturing, often referred to as North Texas’ ‘Silicon Prairie.’
He noted that billions of dollars in investments and thousands of jobs have already transformed the region. Teamann said Micron’s support for GlobalWafers further strengthens the city’s growing role in the national semiconductor industry.
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The announcement comes as countries continue investing in domestic chip production to reduce supply chain risks exposed in recent years. Governments and manufacturers have increased efforts to localize production of key semiconductor materials and components. These investments are also driven by growing demand from artificial intelligence, cloud computing, consumer electronics, automotive technology, and advanced industrial systems.
Micron‘s latest investment adds another layer to the US’s broader effort to expand semiconductor manufacturing capacity. By securing long-term access to critical raw materials, the company aims to support future production while strengthening the domestic technology ecosystem.
