Micron Technology, Inc. (NASDAQ:MU) said Friday it has started manufacturing its advanced 1α (1-alpha) DRAM memory technology at its Manassas, Virginia, facility, marking the most advanced memory chip production ever launched in the U.S.

Micron said its memory and storage products remain central to growing AI demand across data centers, industrial systems, and automotive applications.

U.S. Secretary of Commerce Howard Lutnick said Micron’s investment would help expand domestic semiconductor production and support advanced manufacturing growth in the U.S.

The move is part of Micron’s $200 billion U.S. investment plan to expand domestic semiconductor manufacturing. The company said the more than $2 billion Virginia expansion will quadruple DDR4 wafer supply and support industries, including automotive, defense, aerospace, and medical devices.

Micron expects qualified 1α DRAM production from the site by the end of calendar 2026. The company also said its broader U.S. projects in Virginia, Idaho, and New York are expected to create about 90,000 jobs.

MU Technical Outlook: Momentum And Key Support Levels

From a longer-term trend perspective, MU remains in a steep uptrend. It’s trading 16.3% above its 20-day SMA ($656.03), 49% above its 50-day SMA ($512.10), and 138.9% above its 200-day SMA ($319.34).

That kind of separation typically signals strong trend control, but it also raises the bar for fresh upside—pullbacks can ...