Micron's funding will let Indium Corporation enlarge refining and manufacturing operations in Rome, New York with a long-term agreement giving Micron access to the resulting high-purity minerals, the company said. The deal is the latest step under a plan announced in July to invest up to $3 billion in the U.S. semiconductor supply chain.
In December 2024, Beijing banned exports of gallium, germanium and antimony to the United States, a day after a new round of U.S. chip restrictions, and consultancy data at the time showed China produced nearly all refined gallium, Reuters reported. In April, Indium won a Department of Energy grant to recover gallium from manufacturing by-products at the same Rome site, noting that the United States had produced no gallium domestically since 1987.
For Micron, the agreement sits alongside a far larger building program. The company reported revenue of $133.2 billion for fiscal 2026 and capital spending of around $27 billion, with initial wafer output from its first New York fab in Clay expected in calendar 2030. Governor Kathy Hochul said the Clay project is running months ahead of schedule and called the Indium partnership another link in a state supply chain, while Senator Charles Schumer tied the deal to the CHIPS and Science Act.