Micron Raises US Investment to $250B, Aims 40% Domestic DRAM Output
The plan adds $50 billion to prior commitments and includes a 10-year wafer supply deal as AI demand drives a memory chip shortage.
- On Thursday, Micron Technology Inc. announced a $250 billion investment in the United States through 2035, driven by surging AI-chip demand and President Donald Trump's push to bolster domestic semiconductor production.
- This plan increases Micron's previously committed $200 billion by $50 billion, with projects in New York, Idaho, and Virginia supporting the goal of producing 40% of its memory products domestically.
- Additionally, Micron will allocate $3 billion to strengthen supply chains, including $500 million in financing for GlobalWafers' 300-mm raw silicon wafer manufacturing facility in Sherman, Texas, via a 10-year supply agreement.
- Micron Chief Executive Officer Sanjay Mehrotra said at an event in New York that the investment will create more than 90,000 jobs, helping "ensure the leading-edge technologies shaping the future are built right here in the United States."
- Shares of Micron rose more than 6% following the announcement, as competitors Samsung Electronics and Hynix Inc. committed a combined $880 billion to expand global production capacity in recent months.
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41 Articles
Micron raises US investment to $250B, aims 40% domestic DRAM output
American semiconductor giant Micron Technology will invest more than $250 billion in the United States through 2035, increasing its spending plans as demand for AI memory chips continues to rise. The company said the expanded investment supports its goal of producing 40 percent of its DRAM memory in the U.S. while expanding domestic manufacturing capacity and creating thousands of jobs. The announcement coincided with the first concrete pour at …
Fox Business
The New York LedgerMicron CEO says AI boom drives 'unprecedented' memory demand as company invests $250B
Micron CEO Sanjay Mehrotra detailed the company’s new $250 billion U.S. investment as the chip-making giant responds to surging demand for memory storage in the age of artificial intelligence.The Boise-based technology company announced Thursday the billion-dollar investment will help Micron’s long-term objective of producing 40% of its DRAM chips in the United States."The demand for memory is at unprecedented levels. Memory is in deep shortage …
$500 million investment to boost Sherman’s GlobalWafers
GlobalWafers in Sherman, Texas, received $500 million in strategic funding from Micron Technology under a 10-year supply agreement to bolster semiconductor manufacturing capacity in the US. This investment supports supply chain expansion and reinforces the US semiconductor ecosystem.
ussanews.com
Technology in BusinessThis technology is driving ‘UNPRECEDENTED’ demand for memory: Micron CEO
Why Micron Stock Surged Today
Key PointsMicron is making deals to secure critical raw materials.The AI chip supplier plans to invest a whopping $250 billion in the U.S. over the coming decade.10 stocks we like better than Micron Technology › Shares of Micron Technology (NASDAQ: MU) rallied on Thursday after the memory chip maker highlighted its plans to bolster its semiconductor supply chain. Image source: The Motley Fool.Missed Nvidia in 2009? This Rare Signal Is Flashing A…
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