Micron stock slips as it sets Jan. 16 groundbreaking for $100 billion New York megafab
New York, Jan 7, 2026, 10:19 (EST) — Regular session Micron Technology said it will break ground on its New York “megafab” on Jan. 16, moving a $100 billion project closer to construction after permits and environmental reviews. Micron shares were down 1.2% at $339.23 in morning trade. “Breaking ground at Micron’s New York megafab is a pivotal moment for Micron and the United States,” Chief Executive Sanjay Mehrotra said. Micron Technology The update matters for Micron stock because it puts a date on a long-planned U.S. manufacturing buildout at a moment when investors have been pricing in tight supply