Memory chipmaker Micron Technology has announced a $200 billion investment plan in the US to bolster its chip manufacturing operations. The investment focuses on Idaho, New York, and Virginia as production and R&D hubs.
According to Micron's statement, the company's new investment plan in the US includes $150 billion in domestic memory manufacturing and $50 billion in R&D operations, which can finally create around 90,000 direct and indirect jobs for Americans.
"These investments are designed to allow Micron to meet expected market demand, maintain share and support Micron's goal of producing 40% of its DRAM in the U.S.," Micron said.
In addition to prior investments, Micron also said it plans to spend $30 billion on building a second leading-edge memory fab in Boise, Idaho, and modernizing its existing manufacturing facility in Manassas, Virginia. The memory chipmaker firm also has an ongoing plan to build a mega fab in New York.
Micron's investment brings advanced packaging capabilities to the US, enabling long-term growth in High-Bandwidth Memory (HBM), a key component in AI data centers.
"This approximately $200 billion investment will reinforce America's technological leadership, create tens of thousands of American jobs across the semiconductor ecosystem, and secure a domestic supply of semiconductors—critical to economic and national security," Micron CEO Sanjay Mehrotra said.
The timeframe of Micron's investment in the US has yet to be determined. Still, it could be accomplished over the next four years as the company hailed Trump's administration for facilitating the investment.
Meanwhile, Micron is not the only chip maker to unveil plans to invest hundreds of billions of dollars in the US under the Trump administration. In April, NVIDIA also announced a whopping $500 billion investment in the US to produce AI servers and other related gear. Other tech giants like TSMC, Apple, OpenAI, and SoftBank have also announced massive investment plans under the Trump administration.
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