These 3 Stocks Could Be the Biggest Winners From Micron's $100 Billion Investment In New York
The chip industry is in the early stages of a cyclical downturn right now, and Micron itself announced a big hit to its revenue and profits is upcoming. New York state, where Micron plans on spending up to $100 billion over the next two decades on a new megafab. It's huge news for Micron, New York, and the whole semiconductor industry, which is still grappling with fallout from the pandemic and a shaky supply chain that is highly reliant on overseas fabs.