Micron Technology Inc. reported a significant increase in capital spending to keep up with growing demand for computer memory chips. The company expects to spend over $25 billion this fiscal year, surpassing the estimated $22.4 billion. This represents an additional $2.6 billion from the previous year’s investments. With production costs expected to rise, Micron is focusing on meeting the increasing demand.
Source: https://www.bloomberg.com/news/articles/2026-03-18/micron-gives-upbeat-forecast-after-demand-soars-for-memory-chips