Micron Partners with Indium to Secure Critical Mineral Supply
Micron Technology has entered a long-term agreement with Indium Corporation to expand critical mineral refining and manufacturing in Rome, New York.
Micron announced an agreement with Indium Corp. on October 21, 2026, to expand Indium’s refining and manufacturing operations in Rome, New York. The deal gives Micron a long-term supply agreement for high-purity materials critical for semiconductors in return for its investment.
Ben Tessone, Senior Vice President and Chief Procurement Officer at Micron, stated that securing critical mineral inputs is essential to Micron's long-term growth. "Advanced memory manufacturing depends on a reliable supply of critical minerals," Tessone said. "Enabling that requires engagements well beyond our direct suppliers."
Supply Chain Investment Context
The partnership is part of Micron's broader plan, announced in July 2026, to spend up to $3 billion strengthening the U.S. semiconductor supply chain. This $3 billion figure is a ceiling for the entire supply network program, not the amount allocated to Indium Corporation alone. Micron has separately raised its total expected U.S. investment in fabrication plants and technology to more than $250 billion through 2035.
The company aims to produce 40% of its DRAM products in the U.S. as part of its long-term goal. Micron describes this type of investment as a national security priority. The company is concurrently building a large-scale semiconductor plant in Clay, New York.
Domestic Manufacturing Expansion
Indium Corporation, a materials refiner and manufacturer with more than 90 years of experience in central New York, will use the funding to upgrade processing equipment at its Rome site. This will allow the company to resume U.S.-based processing of specialty metals. The targeted materials include indium, gallium, germanium, and tin.
Ross Berntson, President and CEO of Indium Corporation, stated that the partnership expands the supply of semiconductor-grade critical minerals and advances domestic manufacturing. The project is reportedly several months ahead of schedule, according to New York Governor Kathy Hochul. Local officials hope the deal will reinforce the semiconductor industry cluster in central New York stretching from Syracuse to Oneida County.
Financial and Strategic Backdrop
Micron reported record financial results for its fiscal fourth quarter and full year 2026. The company's Q4 revenue reached $54.2 billion, a significant increase from $41.5 billion in the previous quarter. Chairman and CEO Sanjay Mehrotra stated the company expects an even stronger fiscal 2027.
The strategic investment in Indium Corporation enables the materials manufacturer to resume U.S.-based processing of specialty metals at its Rome site, advancing domestic semiconductor material supply chains.
