Micron boosts US investment plan again, commits $250 billion through 2035
Micron Technology said Thursday it plans to invest more than $250 billion in the United States by 2035, driven by rising demand for memory chips in the age of artificial intelligence and President Donald Trump’s efforts to promote domestic chip production.
The new investment plan represents a jump from the $200 billion Micron announced last June, which was already increased by $30 billion over its original spending plans.
Micron shares rose nearly 8% in early trading, contributing to a more than 200% gain in value so far this year.
semiconductor campus in NY
Domestic chip production has become a key priority for the Trump administration as the United States aims to reduce dependence on foreign semiconductor production, increase economic output and maintain its leadership in the global artificial intelligence race.
A semiconductor campus in New York is at the center of Micron’s expanded investment plans. The project is running more than a quarter ahead of schedule, the company said Thursday.
Micron said the New York facility is expected to create more than 90,000 jobs in the country as the company expands its Idaho and Virginia operations.
As part of the investment, Micron said it will spend $3 billion to strengthen its US semiconductor supply chain, of which $500 million will be used to fund improvements at GlobalWafers’ 300 mm raw silicon wafer manufacturing facility in Sherman, Texas.
The two companies will also sign a 10-year supply agreement that will provide significant raw silicon wafer capacity to support Micron’s long-term manufacturing plans.
Micron, a major supplier of AI chipsets to Nvidia, has seen demand for its chips soar due to the AI boom. Last month, the company said it had locked in $22 billion worth of memory chip supplies to customers in the data center, consumer and automotive markets.
