Micron breaks ground on $100 billion chip making facility in upstate NY

Watch on YouTube ↗  |  January 16, 2026 at 15:00  |  4:08  |  CNBC
Speakers
Sanjay Mehrotra — CEO, Micron
Jim Cramer — Host, Mad Money

Summary

Micron Chairman and CEO Sanjay Mehrotra joined Jim Cramer to discuss Micron's groundbreaking for a large memory fab in Clay, New York, part of a $200 billion U.S. investment plan. Mehrotra said AI-driven demand for leading-edge memory is accelerating and that memory is becoming a strategic asset across data centers, edge devices, smartphones, PCs, and autos. He highlighted Micron's DRAM and NAND technology leadership and U.S. manufacturing expansion, with Boise fabs ramping in 2027/2028 before New York.

  • Micron breaks ground on its first New York memory fab, part of a planned four-fab site.
  • The U.S. investment program totals $200 billion for leading-edge memory manufacturing.
  • CEO says AI-driven memory demand is real, accelerating, and broad-based.
  • Memory is framed as a strategic asset rather than just a system component.
  • Micron claims fourth consecutive DRAM and third consecutive NAND technology leadership generations.
  • First Boise fab is expected to produce first wafers by mid-2027, with a second Boise fab around 2028 and New York following.
  • The discussion begins to touch on next-generation HBM before the transcript cuts off.
Ideas
Sanjay Mehrotra CEO, Micron 0:53
Micron leads AI memory with U.S. expansion.
Micron is the only memory manufacturer in the U.S. and has clear global technology leadership, including four successive generations of DRAM leadership and three successive generations of NAND leadership. It is investing $200 billion in U.S. leading-edge memory manufacturing, with the first Boise fab expected to produce first wafers by mid-2027, a second Boise fab around 2028, and then the New York fab. The CEO argues these investments are supported by Micron's best-ever competitive position and are needed to supply accelerating AI-driven leading-edge memory demand.
MU HIGH
Sanjay Mehrotra CEO, Micron 1:09
AI memory demand is accelerating broadly.
Leading-edge memory is in high demand, and AI-driven demand is accelerating and real. Memory is no longer just a system component but a strategic asset because AI systems require higher-performance memory for real-time contextual processing. The demand spans data centers, edge devices, smartphones, PCs, and automobiles, putting memory growth at the heart of AI-driven technology.
SMH HIGH
Up Next
50:58
Marc Faber's 2026 Warning: Most Investors Are Walking Into a Trap Right Now
Meb Faber Show · Jan 16
0:20
Machado on Gifting Nobel Peace Medal to Trump
Bloomberg Markets · Jan 16
1:09
Cramer's Mad Dash: FedEx
CNBC · Jan 16
1:24
December industrial production beats expectations
CNBC · Jan 16
7:58
Walter Isaacson on the reality of the American Dream: It comes down to housing costs
CNBC · Jan 16

This CNBC video, published January 16, 2026, features Sanjay Mehrotra discussing MU, SMH. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Sanjay Mehrotra  · Tickers: MU, SMH