Micron is spending $10bn on a lab betting the memory cycle has changed

Micron is allocating $10 billion over ten years to build Micron Research Labs in Boise, Idaho, focusing on memory technologies, compute architectures, packaging and future semiconductor manufacturing, with satellite sites and industry partnerships worldwide and a facility slated to open in 2027. CEO Sanjay Mehrotra argues AI’s growing memory needs have turned memory into strategic infrastructure, prompting the company to secure long-term supply agreements with 16 customers and seek additional demand despite current capacity constraints.