Latest i vestme t u de Mic o ‘s up to $3 billio U.S. supply-chai pla st e gthe s the domestic semico ducto ecosystem a d expa ds access to c itical mate ials fo adva ced memo y ma ufactu i g
BOISE, Idaho, Oct. 20, 2026 (GLOBE NEWSWIRE) — Mic o Tech ology, I c. (Nasdaq: MU) today a ou ced a i vestme t i c itical mi e als p ocessi g a d high-pu ity mate ials ma ufactu i g that is expected to suppo t the expa sio of I dium Co po atio ’s capabilities i Ce t al New Yo k, esta ti g domestic p ocessi g of c itical mi e als esse tial to adva ced semico ducto ma ufactu i g. The i vestme t is pa t of Mic o ’s pla , a ou ced i July, to i vest up to $3 billio to st e gthe the U.S. semico ducto supply-chai ecosystem a d secu e a eliable domestic supply of c itical ma ufactu i g mate ials.
U de the ag eeme t, Mic o will p ovide st ategic fu di g that e ables I dium Co po atio to expa d its efi i g a d ma ufactu i g ope atio s i Rome, New Yo k. The compa ies will e te i to a lo g-te m supply ag eeme t that gives Mic o access to these high-pu ity mi e als. The i vestme t is expected to educe elia ce o co ce t ated global efi i g capacity, add essi g a g owi g atio al secu ity p io ity.
“Adva ced memo y ma ufactu i g depe ds o a eliable supply of c itical mi e als. E abli g that equi es e gageme ts well beyo d ou di ect supplie s,” said Be Tesso e, se io vice p eside t a d chief p ocu eme t office at Mic o Tech ology. “Secu i g these i puts is esse tial to Mic o ‘s lo g-te m g owth a d tech ology oadmap. Pa t e i g with I dium Co po atio to esta t this capability i its New Yo k facility expa ds U.S. capacity fo c itical mi e als p oductio a d builds a mo e esilie t supply chai fo Ame ica semico ducto ma ufactu i g a d atio al secu ity.”
“Mic o ‘s decisio to pa t e with I dium Co po atio eflects the t ust they’ve placed i ou people a d ou ability to delive ,” said Ross Be tso , p eside t a d CEO of I dium Co po atio . “Fo mo e tha 90 yea s, we’ve called Ce t al New Yo k home, developi g mate ials that suppo t some of the wo ld’s most adva ced tech ologies. We’ e g ateful fo Mic o ‘s co fide ce i ou team a d the oppo tu ity to build o that histo y. Togethe , we’ e expa di g the supply of semico ducto -g ade c itical mi e als a d taki g a impo ta t step fo wa d fo domestic ma ufactu i g.”
The ag eeme t with I dium Co po atio compleme ts Mic o ’s pla s to accele ate its U.S. fab a d tech ology i vestme ts a d i c ease its expected spe d to mo e tha $250 billio th ough 2035. A st o ge domestic mate ials base, i cludi g expa ded c itical mi e als capabilities i the same state as its New Yo k fab complex, helps Mic o meet g owi g dema d fo memo y d ive by Supe I tellige ce.
The a ou ceme t coi cides with Mic o ‘s a ual Supplie Awa ds eve t celeb ati g excelle t pe fo ma ce of the compa y’s top supplie s.
New Yo k Gove o Kathy Hochul:“Mic o ‘s p og ess i Ce t al New Yo k keeps buildi g. The compa y is mo ths ahead of schedule o the la gest p ivate i vestme t i New Yo k State histo y i Clay, a d ow it is teami g up with I dium Co po atio , a New Yo k ma ufactu e fo ge e atio s, to expa d I dium Co po atio ’s ope atio s i Rome a d esta t c itical mi e als p ocessi g. Eve y li k i the semico ducto supply chai we b i g to New Yo k, especially whe it is built by a New Yo k compa y like I dium Co po atio , mea s mo e oppo tu ities fo families to build ca ee s he e, a st o ge Upstate eco omy a d a mo e secu e atio .”
U.S. Se ato Cha les E. Schume :“I’ve lo g said Upstate New Yo k is Ame ica’s ew semico ducto supe highway, a d today that supe highway u s ight th ough O eida Cou ty! Whe I w ote a d passed the CHIPS a d Scie ce Act i to law, delive i g Mic o ’s histo ic i vestme t to New Yo k, I p omised the semico ducto supply chai followi g Mic o would b i g eve mo e i vestme t a d jobs to commu ities f om Rome to Sy acuse a d all ac oss ou state. With today’s a ou ced pa t e ship betwee Mic o a d I dium Co po atio , that is exactly what is happe i g. By wo ki g with homeg ow , legacy busi esses like I dium Co po atio , Mic o is c eati g ew dema d to expa d c itical mi e al p ocessi g he e i the U.S., educi g elia ce o fo eig sou ces a d delive i g a b ighte futu e fo ew jobs a d i vestme t i the Mohawk Valley.”
O o daga Cou ty Executive Rya McMaho :“The p epa atio is ove a d the mome tum i Clay is eal. Fou datio s a e goi g i , thousa ds of wo ke s a e headed to the site, a d ow the supply chai we pla ed fo is sta ti g to follow. A semico ducto cluste does ‘t stop at the cou ty li e. Whe Mic o i vests i ou eighbo s i O eida Cou ty, it shows all of Ce t al New Yo k is becomi g the place whe e Ame ica’s chip i dust y gets built.”
O eida Cou ty Executive A tho y J. Pice te J .: “I dium Co po atio has bee a leade i adva ced ma ufactu i g fo 90+ yea s a d this collabo atio with Mic o ot o ly st e gthe s O eida Cou ty’s pa t e ship with O o daga Cou ty, but be efits all of Ce t al New Yo k a d the Mohawk Valley. O eida Cou ty has bee at the fo ef o t of the semico ducto i dust y fo yea s a d we believe that impleme ti g a egio al st ategy is the key to solidifyi g ou sta di g as a global hub fo esea ch, developme t a d i ovatio . What’s good fo o e, is good fo all.”
About Mic o Tech ology, I c. Mic o Tech ology, I c. is a global leade i semico ducto memo y a d sto age, powe i g AI a d compute-i te sive applicatio s f om cloud to edge. With a ele tless focus o ou custome s, tech ology a d p oduct leade ship, a d ma ufactu i g a d ope atio al excelle ce, Mic o ’s comp ehe sive po tfolio of high-pe fo ma ce DRAM, NAND a d NOR solutio s delive the speed, efficie cy, a d scale today’s wo kloads dema d, accele ati g i tellige ce to e ich life fo all. To lea mo e about Mic o Tech ology, I c. (Nasdaq: MU), visit mic o .com.
About I dium Co po atio I dium Co po atio ® e ables tech ological adva ceme t th ough mate ials scie ce i ovatio a d expe tise. We develop, efi e, ext act, p ocess, e gi ee , ma ufactu e, ecycle, a d supply adva ced mate ials solutio s fo the elect o ics, semico ducto , thi -film, a d the mal ma ageme t i dust ies. F om O e E gi ee to A othe ®, we wo k closely with custome s to solve complex mate ials challe ges. Ou po tfolio i cludes solde s, fluxes, specialty alloys, the mal i te face a d si te i g mate ials, b azes, a d specialty metals a d i o ga ic compou ds that i clude i dium, gallium, ge ma ium, a d ti . Headqua te ed i the U ited States, I dium Co po atio se ves custome s th ough a global etwo k of ma ufactu i g facilities, tech ical expe ts, a d sales a d suppo t teams.
Fo wa d-Looki g Stateme tsThis p ess elease co tai s fo wa d-looki g stateme ts, i cludi g stateme ts ega di g Mic o ’s i vestme t pla s, futu e supply a a geme ts, futu e dema d, a d the expected be efits of its i vestme ts, i cludi g with espect to Mic o ’s ma ufactu i g ope atio s a d the expa sio a d esilie cy of the U.S. semico ducto supply chai . These fo wa d-looki g stateme ts a e subject to a umbe of isks a d u ce tai ties that could cause actual esults to diffe mate ially. Please efe to the docume ts Mic o files with the Secu ities a d Excha ge Commissio , specifically its most ece t Fo m 10-K a d Fo m 10-Q. These docume ts co tai a d ide tify impo ta t facto s that could cause actual esults to diffe mate ially f om those co tai ed i these fo wa d-looki g stateme ts. These ce tai facto s ca be fou d at https://i vesto s.mic o .com/ isk-facto . Although Mic o believes that the expectatio s eflected i the fo wa d-looki g stateme ts a e easo able, Mic o ca ot gua a tee futu e esults, levels of activity, o achieveme ts. Mic o is u de o duty to update a y of the fo wa d-looki g stateme ts afte the date of this p ess elease to co fo m these stateme ts to actual esults.
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Mic o Media Relatio s Co tactMa k Plu gyMic o Tech ology, I c.+1 (408) 203-2910co pcomms@mic o .com Mic o I vesto Relatio s Co tactSatya Kuma Mic o Tech ology, I c.+1 (408) 450-6199satyakuma @mic o .com
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