Micron Hits Production Milestone with 1-Alpha DRAM in Virginia, BofA Raises Target to $950

Micron Technology has commenced production of 1-alpha DRAM at its Manassas, Virginia facility, marking a significant milestone for U.S. semiconductor manufacturing. The company touts this as the most advanced memory technology ever produced domestically, with applications spanning automotive, defense, and medical devices.

The $2 billion investment in the Virginia plant underscores Micron's commitment to onshore advanced manufacturing. Bank of America responded by raising its price target to $950, citing growing AI-driven demand for memory solutions. Despite the announcement, MU shares dipped 1% to $754.61 in Friday trading after a 4.1% gain the previous day.

Meanwhile, Samsung avoided potential supply chain disruptions by reaching a labor agreement with its union. The parallel developments highlight the intensifying competition in memory chip production amid soaring demand for advanced computing solutions.