Micron committed up to $3 billion to the U.S. semiconductor supply chain last week. Of that, $500 million goes to GlobalWafers as strategic financing — subject to definitive agreements and closing conditions — for its 300mm raw silicon wafer plant in Sherman, Texas, and the two companies will sign a 10-year agreement for access to that plant's output. Ben Tessone, Micron's senior vice president and chief procurement officer, tied the move to securing "critical input materials." In a second announcement from Boise the same day, Micron raised its planned US spending to more than $250 billion through 2035, up from $200 billion, and poured the first load of concrete at its Clay, New York megafab a quarter ahead of schedule.Running until 2035, the $250 billion spending target is attached to a goal of making 40% of Micron's DRAM in the U.S. by the mid-2030s. Only a relatively paltry $500 million of that $250 billion has been earmarked for buying wafer supply from GlobalFoundries, the only U.S. supplier that’s capable of producing 300mm wafers.
Micron commits $500 million to GlobalWafers' Texas wafer plant as it raises U.S. spending to $250 billion — memory maker aims to manufacture 40% of DRAM in the US by 2035
GlobalWafers' Sherman, Texas, plant is the only U.S. source of advanced 300mm wafers; Micron's fabs cannot run without them.
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