Micron Investing in Indium to Support New York Critical Minerals Processing

By Robb M. Stewart

Micron Technology is investing in critical minerals operations in New York as it looks to line up supplies of materials essential to advanced semiconductor manufacturing.

The semiconductor memory and storage company said it will provide strategic funding that will allow Indium to expand its refining and manufacturing operations in Rome, N.Y. The investment is part of Micron's plans to spend up to $3 billion to secure reliable supplies of key materials and strengthen the semiconductor supply chain in the U.S.

The companies said they will enter a long-term supply agreement that will give Micron access to high-purity minerals, which it hopes will in turn reduce its reliance on concentrated global refining capacity for critical minerals.

Securing the materials is essential to Micron's long-term growth and technology roadmap, said Ben Tessone, senior vice president and chief procurement officer.

The company said the agreement with Indium complements its plans to accelerate its U.S. fab and technology investments and lift its expected spend to more than $250 billion through 2035 in an effort to meet growing demand for memory driven by artificial intelligence.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

October 20, 2026 08:25 ET (12:25 GMT)