Micron funds a New York materials supplier to strengthen its US supply chain
Micron ($MU) announced strategic funding for Indium Corporation’s refining and high-purity-materials operations in Rome, New York, supporting the restart and expansion of domestic processing capacity. The companies also plan to enter a long-term supply agreement. Micron did not disclose the amount of this particular investment, the contracted supply volumes or the expected financial contribution from the arrangement. The funding forms part of Micron’s previously announced plan to invest up to $3