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Aanchal Sugandh

A $2.75 Billion Reason to Buy Micron Stock

Micron MU Krish Sankar India Memory

Micron Technology (MU) is putting another strong piece in place for its global artificial intelligence (AI) expansion, this time in India. The semiconductor maker is investing $2.75 billion in an assembly and test facility in Sanand, Gujarat, giving its production network a fresh foothold in one of the world's key technology markets.

The project, supported by Micron and government partners, will turn advanced DRAM and NAND wafers into finished memory and storage products for customers worldwide. Investors warmed to the development, sending MU stock almost 6% higher on Sept. 17.

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