Mentioned:
Micron is putting up capital for something new: refining critical minerals.
What’s happening:
- Micron (NASDAQ: MU) has committed to funding an expansion of Indium Corporation’s refining operations for critical minerals in Rome, New York
Why it matters:
- Indium Corporation a leading global supplier of commercial indium which is an essential material for semiconductor production
Going deeper:
- Micron and Indium Corporation have both publicly stated they plan to enter into a long-term supply agreement for indium
- Indium Corporation also notably refines gallium, germanium and other critical minerals used in electronics and semiconductor packaging
The intrigue:
- Micron previously made major waves on Wall Street when they launched a new $250M USD venture capital fund for investing in artificial intelligence startups
