Micron Targets 2028 Output From $50 Billion Idaho AI Memory Fabs
Updated
Updated · Yahoo Finance · Aug 20
Micron Targets 2028 Output From $50 Billion Idaho AI Memory Fabs
3 articles · Updated · Yahoo Finance · Aug 20
Summary
Mid-2027 and late-2028 are Micron’s target dates for first wafer output from its two Boise memory fabs, a $50 billion expansion aimed at easing shortages of AI-critical HBM.
Micron says it is the only U.S.-based producer of HBM, the high-bandwidth memory used alongside Nvidia and AMD AI processors, where demand still exceeds supply.
3,500 direct jobs are planned at the new Idaho sites on top of roughly 7,000 existing Boise employees, with the company citing labor shortages, permitting, construction lead times and power needs as constraints.
Up to $6.2 billion in CHIPS Act support is backing the Idaho project, while Micron is also developing a separate $100 billion campus in Clay, New York.
The fab buildout follows Micron’s new $10 billion Boise AI memory research lab plan and comes as fiscal 2026 capex is projected at about $27 billion, including roughly $10 billion in Q4 alone.