Micron Invests in New York Critical Minerals Processing With Indium Corporation
Micron announced a strategic investment to expand Indium Corporation's critical minerals refining and high-purity materials manufacturing in Rome, New York, restarting domestic processing of minerals essential to semiconductor manufacturing. Under the agreement, Micron provides strategic funding in exchange for a long-term supply agreement for high-purity minerals, reducing reliance on concentrated foreign refining capacity. The deal falls under Micron's previously announced plan to invest up to $3 billion in the U.S. semiconductor supply-chain ecosystem and complements its expected U.S.
Key figures
- Planned us spend through 2035
- more than $250 billion
- Us supply chain investment plan
- $3 billion
AI analysis
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