Micron Technology, Inc. (MU) Announces the Grand Opening of its Semiconductor Assembly and Test Facility in Sanand, Gujarat, India

Micron Technology, Inc. (NASDAQ:MU) is among the 13 Most Undervalued S&P 500 Stocks to Invest In.

On March 1, 2026, Micron Technology, Inc. (NASDAQ:MU) announced the grand opening of its semiconductor assembly and test facility in Sanand, Gujarat, India. The facility converts advanced DRAM and NAND wafers from Micron’s global manufacturing network into finished memory and storage products. Once fully ramped, the first phase of the Sanand operation will include more than 500,000 square feet of cleanroom space.

On February 17, 2026, The Wall Street Journal reported that Micron is investing $50B in Boise to more than double the size of its 450-acre campus, including construction of two new chip factories. Silicon wafers from the first factory are expected to begin production in mid-2027, with each facility spanning 600,000 square feet. The company also recently broke ground on a $100B factory complex in New York and announced a $9.6B investment in Japan.

The same day, Needham analyst N. Quinn Bolton raised the price target on Micron to $450 from $380 and maintained a Buy rating. N. Quinn Bolton cited a tightening memory market and memory pricing moving higher. Needham added that robust hyperscaler CapEx spending and the trend toward larger reasoning models with longer context windows are increasing demand for higher-performance memory and storage.

Micron Technology, Inc. (NASDAQ:MU) designs, develops, manufactures, and sells memory and storage products globally through its Cloud Memory, Core Data Center, Mobile and Client, and Automotive and Embedded business units.

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