Micron Opens $2.75B India Chip Facility, Ships First Modules to Dell
MU has more than doubled off its 52-week low of $154.65.
Summary
Micron opened a $2.75B semiconductor assembly and test facility in Gujarat, India, and began commercial production. The first shipment of made-in-India memory modules went to Dell for its India-made laptops. Micron expects to assemble and test tens of millions of chips at the site in 2026, scaling to hundreds of millions in 2027. This expands Micron's global assembly and test network and complements its planned advanced manufacturing in the U.S. The move strengthens Micron's supply chain and positions it to meet AI-driven memory demand, with Dell as an early customer.
At the time of this announcement, MU was trading at $934.09 on NASDAQ in the Technology sector, with a market capitalization of approximately $1T. The 52-week trading range was $154.65 to $1,255.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.