Micron supports Indium Corporation's expansion in New York to ensure semiconductor mineral supply

Micron Technology (MU.US) will fund Indium Corporation’s expansion project in Rome, New York, to restore critical mineral processing capacity needed for domestic semiconductor manufacturing. The two parties will sign a long-term supply agreement to ensure a stable supply of high-purity mineral raw materials, reducing reliance on the highly concentrated global mineral refining capacity. This investment is part of a plan Micron Technology announced in July, which intends to invest up to $3 billion in the U.S. semiconductor supply chain. This collaboration will also support Micron Technology’s plans to invest over $250 billion in U.S. domestic wafer manufacturing and technology by 2035.