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Micron Boosts US Spending to $250 Billion to Feed Memory Boom
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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$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.
Hastings TribuneReposted by 
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arcamax.comMicron boosts US spending to $250 billion to feed memory boom
Micron Technology Inc. plans to increase its spending on new plants in the U.S. to $250 billion to help meet unprecedented demand for its memory chips fueled by the global artificial intelligence boom.
·Nebraska, United States
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Total News Sources27
Leaning Left1Leaning Right7Center6Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
C 43%
R 50%
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