Micron Technology (MU) has started production of advanced 1α (1‑alpha) DRAM chips at its new facility in Manassas, Virginia. This reflects a key step in the company’s plan to expand U.S. domestic memory manufacturing and support rising demand for AI compute.
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The 1α DRAM is said to be the most advanced memory ever made in the U.S. The chip uses Micron’s 1α node and will make four times more DDR4 wafers in Manassas. Micron said this will help keep a steady U.S. supply of long‑life DDR4 and LP4 memory for customers.
The company has been expanding the Virginia site for several years, backed by billions in planned investment and federal incentives tied to the CHIPS and Science Act. Micron said the facility will continue to scale output through the decade as demand for high‑value memory accelerates.
Micron noted that the new DRAM output will support a wide range of sectors, including automotive, defense and aerospace, industrial equipment, networking, and medical devices, all of which rely on 1α DRAM for long product lifecycles and high reliability.
Also, the move will support hundreds of new jobs and deepen its long‑term footprint in Virginia. The company also highlighted ongoing partnerships with local schools and training programs to build a pipeline of skilled workers.
Is MU a Good Stock to Buy Now?
Turning to Wall Street, MU stock has a Strong Buy consensus rating based on 27 Buys and three Holds assigned in the last three months. At $657.41, the average Micron stock price target implies a 14.59% downside risk.
