New York, February 16, 2026, 15:31 EST — Market closed.
- Micron shares were last down 0.6% at $411.66, versus a prior close of $414.08.
- An Indian government official said Micron will start commercial production at its India facility by end-February.
- Investors will watch for confirmation of the India ramp and any fresh read-through on memory demand when U.S. trading resumes Tuesday.
Micron Technology (MU) is back in focus ahead of Tuesday’s U.S. market reopen after an Indian government official said the memory-chip maker would start commercial production at its India facility by end-February. Micron shares were last down 0.6% at $411.66, versus a prior close of $414.08.
The timing matters because Micron’s stock has become a proxy for how quickly suppliers can add capacity into a tight memory market without tripping the cycle. For investors, “new output” headlines tend to land hard: they can signal both growth and the risk of future oversupply.
U.S. markets are closed on Monday for Presidents Day, with trading set to resume on Feb. 17. That pushes any real price reaction into the next session. (Nasdaq)
S. Krishnan, secretary at India’s Ministry of Electronics and Information Technology, said Micron will begin commercial production of semiconductor chips by the end of February. “Micron would start production at its facility in India,” he said, speaking at the IndiaAI Impact Summit. (The Economic Times)
The Sanand site in Gujarat is an assembly, test, marking and packaging (ATMP) operation — the back-end work that turns wafers into finished chips and modules. Krishnan said Micron would eventually work on high-bandwidth memory, or HBM, a stacked form of DRAM used in AI accelerators to move data faster than conventional memory. (The New Indian Express)
The Indian government approved Micron’s application to build the plant with a phased ramp-up, with planned investment of about 22,516 crore rupees and an expected production capacity of around 14 million units per week once completed, Indian media reported. (ETTelecom.com)
Micron, which has been expanding manufacturing to meet demand tied to artificial intelligence and data-centric computing, announced in January it would invest $24 billion to build a new memory manufacturing plant in Singapore, with production slated to start in the second half of 2028. (Reuters)
For Wall Street, the India milestone is not a clean near-term earnings catalyst by itself. It does, though, feed the broader question investors keep circling: how long tight supply can last as more capacity gets turned on.
Micron also competes head-on with Samsung Electronics and SK Hynix in advanced memory, including HBM, where customers have been chasing higher performance for AI systems. Any new signals on server demand, memory pricing, or competitive supply could spill into MU when the stock reopens.
But ramps can slip, and packaging capacity does not remove every constraint in the supply chain. If the India start date slides or demand softens, the memory trade can turn quickly, given the industry’s history of boom-and-bust pricing.
With U.S. markets shut Monday, Micron’s next test comes on Tuesday’s reopen — and then on whether the company and officials can deliver a commercial start in India by end-February.
