NEW YORK, Feb 16, 2026, 10:01 EST — The market has closed.
Micron Technology Inc (MU.O) will launch operations at its India site before the month wraps up, India’s IT secretary S Krishnan told Moneycontrol. The move throws a new spotlight on the chipmaker’s expansion timeline. “Micron (is) set to start operations … later this month,” Krishnan said. Looking ahead, he expects the facility to take on high-bandwidth memory, or HBM—key for artificial intelligence processors—where supply remains tight. (Moneycontrol)
Timing is key here. With U.S. markets paused, investors are left to assess if the India start-up shifts the near-term outlook for Micron’s supply chain and execution—beyond just its demand narrative.
Traders won’t be able to react until Tuesday. With U.S. stock markets shut for Presidents Day on Monday, action resumes Feb. 17. (AP News)
Micron ended the day at $411.66, slipping roughly 0.6% from its previous finish.
Back in 2023, Micron announced plans for an India project, with a commitment of as much as $825 million toward a chip assembly and test plant in Gujarat. Adding in government incentives, the overall investment would climb to $2.75 billion, according to Reuters. (Reuters)
India’s facility handles the back-end of chipmaking: assembly, testing, and packaging. Here, finished memory chips get packaged for use and inspected ahead of shipping. Demand spikes—particularly from server clients—can turn this stage into a bottleneck.
The mood has cooled. Investors have trimmed big tech valuations, questioning if the surge in AI outlays will actually deliver returns. Now, they’re looking harder at short-term earnings and clarity. That kind of sentiment can quickly ripple down the semiconductor supply chain. (Reuters)
Micron isn’t just sticking to one region. Back in January, the company laid out plans for a $24 billion memory manufacturing site in Singapore. It’s also buying a fab in Taiwan, shelling out $1.8 billion in cash. Both steps, management says, are aimed at tackling the strain in global memory supply. (Reuters)
Right now, Micron faces a different kind of pressure—tempo. How fast can its India site scale? What’s actually shipping out, and can supply keep up without hiccups in shipping or product standards?
The risk scenario isn’t hard to imagine. Start-ups stumble, regulatory approvals take longer, and memory prices can tumble if buyers hold off. A more abrupt pullback in AI capex would hit demand for data-center memory in a hurry.
U.S. traders returning Tuesday want a sharper picture: does the India timeline shift expectations? They’ll also be watching for word that the facility actually starts commercial operations before February wraps up.
