Micron Raised US Investment Plan to $250 Billion

Micron announced plans to invest more than $250 billion in the US until 2035. The move was driven by surging demand for memory chips in the AI era.

The latest announcement adds a further $50 billion to a previous commitment to pump $200 billion into the country’s semiconductor manufacturing. Micron stated the increased investment would support its long-term goal of producing 40% of its DRAM in the US, creating jobs in the country and reflecting confidence in continued demand for its memory products.

In a series of announcements, the company stated that construction of a new semiconductor plant in the state of New York is running a quarter ahead of schedule, while it is working to expand operations in the states of Idaho and Virginia. It expects the projects to create more than 90,000 jobs.

Sanjay Mehrotra, chairman, president and CEO, said that data and memory are foundational to the modern economy and it is investing $250 billion to meet that moment. Separately, Micron committed $3 billion to strengthen the US semiconductor supply chain, supporting growth of advanced memory offerings.

As part of this, Micron is to provide Taiwan-based GlobalWafers $500 million in strategic financial support to advance the development of raw silicon wafer manufacturing in the US state of Texas. The duo also entered into a 10-year supply agreement to provide Micron with access to significant raw silicon wafer capacity to support long-term manufacturing plans and bolster the critical semiconductor manufacturing ecosystem in the US.