Micron Invests in Indium Corporation to Boost Domestic Critical Minerals Supply for Advanced Memory Chips

Micron Technology has made a strategic investment in Indium Corporation, a New York-based critical minerals processor, as the latest step under the chipmaker's plan to commit up to $3 billion toward strengthening its U.S. semiconductor supply chain. The deal expands Micron's domestic access to critical materials essential for advanced memory manufacturing, building out the broader ecosystem that supports its U.S. fab buildout.

The $3 billion U.S. supply-chain initiative, of which the Indium Corporation deal is a part, has previously included a $500 million investment in GlobalWafers to expand silicon wafer production in Texas, paired with a 10-year supply agreement. Micron's domestic push sits within an even larger commitment: the company has raised its planned total U.S. investment to more than $250 billion through 2035, underpinned in part by CHIPS Act grants and investment tax credits. The company broke ground on its first New York fab in Clay in January 2026 and poured its first concrete in July 2026, with initial wafer output targeted for 2030.