Micron Technology Doubles Capex as AI Memory Shortage Deepens
Market Beat·
- Micron Technology is significantly expanding capital expenditures to address a severe artificial intelligence memory shortage driven by surging demand across data centers, edge devices, and emerging robotics markets.
- The company expects fiscal 2026 capital spending to roughly double from fiscal 2025's $13 billion, with fiscal 2027 capital expenditures projected to exceed $45 billion, alongside a raised U.S. investment plan of $250 billion.
- Global manufacturing capacity expansion projects are underway, but due to high technical complexity and long construction timelines, meaningful new supply is not expected to ramp up until 2028.