Micron partners with Indium to restart critical minerals processing in New York
MU•Micron Technology will fund Indium Corporation’s expansion in Rome, New York, and secure high-purity minerals through a long-term supply agreement. The investment is part of a plan announced in July to invest up to $3 billion in the U.S. semiconductor supply chain.
1. Processing expansion
Micron Technology will fund Indium Corporation’s expansion in Rome, New York, to restart domestic critical minerals processing for semiconductor manufacturing. A long-term supply agreement will give Micron access to high-purity minerals.
2. Supply chain plan
The investment is part of a plan announced in July to invest up to $3 billion in the U.S. semiconductor supply chain. The partnership supports planned U.S. fabrication and technology spending exceeding $250 billion through 2035.
