Micron Technology(US:MU) Xin Lang Cai Jing·2026-02-17 04:49Core Insights - Micron Technology is the largest memory chip manufacturer in the U.S., focusing on increasing production capacity to address the most severe supply constraints in the storage industry in over 40 years [1][3] Group 1: Company Expansion Plans - Micron is investing $50 billion to expand its Boise campus, which will more than double its size, including the construction of two new chip factories [1][3] - The first factory is expected to produce its first silicon wafers by mid-2027, focusing on DRAM production, which is crucial for high-bandwidth memory (HBM) chips essential for advanced AI computing [1][3] - Additionally, Micron has broken ground on a $100 billion wafer fabrication complex near Syracuse, marking the largest private investment in New York's history [1][3] Group 2: Competitive Landscape - Micron announced a $9.6 billion investment in a wafer factory in Hiroshima, Japan, while competitor SK Hynix plans to build a $13 billion factory in South Korea and a $4 billion manufacturing complex in Indiana [1][3] - The demand for storage chips has surged due to the AI boom, with major companies like OpenAI and Oracle planning to build multi-trillion-dollar data centers, significantly outpacing current production capacity [2][4] Group 3: Market Performance - Since April of the previous year, Micron's stock price has increased over fivefold, reaching approximately $414, bringing the company's market capitalization close to $500 billion [2][4]