Micron Expands US Investments to $200 Billion, Boosting Domestic Semiconductor Manufacturing

Micron expands US investments to $200 billion amid Trump's onshoring push

June 12 (Reuters) - Memory chipmaker Micron Technology (MU.O), opens new tab said on Thursday it is expanding its U.S. investments to about $200 billion, planning to dole out $150 billion for manufacturing amid President Donald Trump's push to onshore sprawling semiconductor supply chains. This marks an additional investment of $30 billion, beyond prior plans, Micron said, sending its shares down about 1% in premarket trading. Micron now joins a litany of U.S. tech firms and chipmakers who have announced hundreds of billions of dollars in domestic investments against the backdrop of Trump's efforts to produce more semiconductors on American soil. AI chip leader and Micron customer Nvidia (NVDA.O), opens new tab said in April it is planning to build AI servers worth as much as $500 billion in the U.S. over the next four years with help from partners such as Taiwan's TSMC (2330.TW), opens new tab. Micron's additional investment will center around building a second leading-edge memory fab in Boise, Idaho and expanding a manufacturing facility in Manassas, Virginia. "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," the company said, referring to a type of widely employed memory chip. Micron's investment aims to bring advanced packaging capabilities to the U.S.- a manufacturing technique essential to high bandwidth memory (HBM), which is employed extensively in the AI market, the company said. HBM is often characterized as a type of stacked DRAM technology. "Micron's investment in advanced memory manufacturing and HBM capabilities in the U.S., with support from (the) Trump administration, is an important step forward for the AI ecosystem," Nvidia CEO Jensen Huang said in a statement. The company will also dedicate about $50 billion to R&D, Micron said. Reporting by Arsheeya Bajwa in Bengaluru; Editing by Anil D'Silva and Maju Samuel Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Technology

Chip-maker Micron expands US investment to $200 bn backed by Trump

Chip giant Micron Technology on Thursday said it was expanding its domestic investment plan to $200 billion as it seeks to boost US semiconductor manufacturing, with the backing of the Trump administration. The move, aimed at strengthening America's domestic chip supply chain, represents an additional $30 billion beyond Micron's previous investment commitments and includes plans to build a second leading-edge memory fabrication facility in Boise, Idaho. The investment plan comes as the United States pushes to reduce its reliance on foreign semiconductor production. Memory chips are critical components used in national defense systems, automobiles and national security applications. The announcement is part of the Trump administration's broader efforts to secure major investment commitments from technology companies and strengthen US industrial capacity. Since taking office, Trump has announced corporate investment pledges totaling hundreds of billions of dollars. Trump has called on companies to create more manufacturing jobs in the United States, and threatened to impose crippling tariffs on imports from around the world. The Idaho-based company said it would invest approximately $150 billion in domestic memory manufacturing and $50 billion in research and development over the coming years, creating an estimated 90,000 direct and indirect jobs across multiple states. Micron said the new investments would modernize its existing plant in Manassas, Virginia, and bring end-to-end High Bandwidth Memory (HBM) manufacturing capabilities to the United States. Several prominent US tech CEOs were quoted in the announcement statement, stressing the importance of the project. Nvidia founder and CEO Jensen Huang called it "an important step forward for the AI ecosystem," referring to the heavy investments in artificial intelligence by the US tech giants. Apple CEO Tim Cook also welcomed it, calling it "another great example of American manufacturing leadership, and we look forward to building on our work together." Micron said the plan would significantly boost domestic memory manufacturing capacity, with the company aiming to increase the US share of production from nearly zero percent today to 10 percent over the next decade.

Micron and Trump admin to expand US investments: $200B for domestic semiconductor manufacturing

Micron and the Trump administration plan to invest $200 billion into US-based semiconductor manufacturing an R&D in Idaho, New York, and Virginia. As an Amazon Associate, we earn from qualifying purchases. TweakTown may also earn commissions from other affiliate partners at no extra cost to you. Micron and the Trump administration have announced that Micron plans to expand its US investments to around $150 billion in domestic semiconductor manufacturing, with $50 billion directed into US-based R&D, which will create an estimated 90,000 direct and indirect jobs. Micron's approximately $200 billion broader US expansion vision includes two leading-edge, high-volume fabs based in Idaho, up to four leading-edge, high-volume fabs in New York, and the expansion and modernization of its existing manufacturing fab in Virginia. These moves will see advanced HBM packaging capabilities and R&D to drive American innovation and technology leadership. The US-based memory giant is also announcing a $50 billion domestic R&D investment, which reaffirms its long-term position as the global memory technology leader, with Micron's investment including its ongoing plans for a megafab facility in New York. 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 United States. The co-location of these two Idaho fabs, with Micron's Idaho R&D operations will "drive economics of scale and faster time to market for leading-edge products, including HBM". Micron has already achieved key construction milestones on its first Idaho fab with DRAM output expected to begin in 2027, with the second Idaho fab to increase Micron's production of DRAM in the US, serving growing market demand fueled by AI, while the company expects to begin ground preparation in New York later this year, following the completion of state and federal environmental review processes. The company says it expects its second Idaho fab to come online before the first New York fab, while the company will continue to manage its supply growth consistent with market conditions. Micron Chairman, President and CEO Sanjay Mehrotra, said: "Micron's U.S. memory manufacturing and R&D plans underscore our commitment to driving innovation and strengthening the domestic semiconductor industry. 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. We are grateful for the support from President Trump, Secretary Lutnick and our federal, state and local partners who have been instrumental in advancing domestic semiconductor manufacturing". Secretary of Commerce Howard Lutnick, added: "President Trump has made it clear that the time to build in America is now. In partnership with the Department of Commerce, Micron is announcing a $200 billion semiconductor manufacturing and R&D investment to bring the full spectrum of memory chip production back to the United States. Micron's planned investment will ensure the U.S. advances its lead across critical industries like AI, automotive, and aerospace & defense".

Micron to expand US investments to about $200 billion

The additional investment will center around building a second leading-edge memory fab in Boise, Idaho and expanding an existing manufacturing facility in Manassas, Virginia.Micron Technology said on Thursday it was planning to expand its U.S. investments in domestic memory manufacturing to about $150 billion and in R&D to $50 billion. Shares of the chipmaker fell about 1% in premarket trading. This marks an additional investment of $30 billion beyond prior plans, Micron said. The additional investment will center around building a second leading-edge memory fab in Boise, Idaho and expanding an existing manufacturing facility in Manassas, Virginia. Micron's investment aims to bring advanced packaging capabilities to the U.S.- a manufacturing technique essential to high bandwidth memory (HBM), which is employed extensively in the AI market, the company said.

Micron expands US investments to $200 billion amid Trump's onshoring push

(Reuters) -Memory chipmaker Micron Technology said on Thursday it is expanding its U.S. investments to about $200 billion, planning to dole out $150 billion for manufacturing amid President Donald Trump's push to onshore sprawling semiconductor supply chains. This marks an additional investment of $30 billion, beyond prior plans, Micron said, sending its shares down about 1% in premarket trading. Micron now joins a litany of U.S. tech firms and chipmakers who have announced hundreds of billions of dollars in domestic investments against the backdrop of Trump's efforts to produce more semiconductors on American soil. AI chip leader and Micron customer Nvidia said in April it is planning to build AI servers worth as much as $500 billion in the U.S. over the next four years with help from partners such as Taiwan's TSMC . Micron's additional investment will center around building a second leading-edge memory fab in Boise, Idaho and expanding a manufacturing facility in Manassas, Virginia. "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," the company said, referring to a type of widely employed memory chip. Micron's investment aims to bring advanced packaging capabilities to the U.S.- a manufacturing technique essential to high bandwidth memory (HBM), which is employed extensively in the AI market, the company said. HBM is often characterized as a type of stacked DRAM technology. "Micron's investment in advanced memory manufacturing and HBM capabilities in the U.S., with support from (the) Trump administration, is an important step forward for the AI ecosystem," Nvidia CEO Jensen Huang said in a statement. The company will also dedicate about $50 billion to R&D, Micron said. (Reporting by Arsheeya Bajwa in Bengaluru; Editing by Anil D'Silva and Maju Samuel)

Micron Technology to Invest $200 Billion in Domestic Semiconductor Manufacturing, R&D

Micron Technology plans to invest more than $200 billion in semiconductor manufacturing in the U.S., a move it estimates will create roughly 90,000 direct and indirect jobs. The memory and storage-solutions company disclosed the investment on Thursday in partnership with the Trump administration, which has sought to increase domestic manufacturing and position the U.S. as the dominant player in artificial intelligence. Micron plans to invest approximately $150 billion in domestic memory manufacturing, including plans for two high-volume fabs in Idaho, up to four high-volume fabs in New York, the expansion and modernization of its existing manufacturing fab in Virginia and advanced high bandwidth packaging capabilities. These investments will allow Micron to meet expected market demand, maintain share and support its goal of producing 40% of its dynamic random access memory, or DRAM, manufacturing in the U.S., it said. The company will additionally invest $50 billion in research and development, which it said will drive American innovation and technology leadership. "Micron's U.S. memory manufacturing and R&D plans underscore our commitment to driving innovation and strengthening the domestic semiconductor industry," Chief Executive Sanjay Mehrotra said. Micron said it has already achieved key construction milestones on its first Idaho fab, with DRAM output scheduled to begin in 2027. The company expects to begin ground preparation in New York later this year, following completion of state and federal environmental review processes. The company noted it anticipates that all of its U.S. investments will be eligible for the advanced manufacturing investment credit. "President Trump has made it clear that the time to build in America is now," Secretary of Commerce Howard Lutnick said, adding that Micron's planned investment will help support industries such as AI, automotive and aerospace and defense in the U.S.

Micron boosts US investment plan by $30 billion amid Trump's onshoring push

WASHINGTON (Reuters) -Memory chip maker Micron Technology said on Thursday it is expanding its U.S. investments by $30 billion as President Donald Trump presses companies to boost U.S. investments and threatens new tariffs on semiconductors. Micron now says its planned investments will total $200 billion. The company last year said it planned to invest around $100 billion in manufacturing in New York and $25 billion in Idaho. In December, the U.S. Commerce Department under former President Joe Biden finalized a nearly $6.2 billion government subsidy for Micron to produce semiconductors in New York and Idaho, one of the largest government awards to chip companies under the $52.7 billion 2022 CHIPS and Science Act. Trump has repeatedly threatened to kill the CHIPS act. His administration is renegotiating some of Biden's grants to semiconductor firms, Commerce Secretary Howard Lutnick said last week. AI chip leader and Micron customer Nvidia said in April it is planning to build AI servers worth as much as $500 billion in the U.S. over the next four years with help from partners such as Taiwan's TSMC. Micron's additional investment will center around building a second leading-edge memory fab in Boise, Idaho, and expanding a manufacturing facility in Manassas, Virginia. "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," the company said, referring to a type of widely employed memory chip. DRAM chips are key components in personal computing, cars, industrial operations, wireless communications and artificial intelligence and Micron's High-Bandwidth Memory is critical for enabling new AI models, officials have said. The company will also dedicate about $50 billion to R&D, Micron said. "Micron's investment in advanced memory manufacturing and HBM capabilities in the U.S., with support from (the) Trump administration, is an important step forward for the AI ecosystem," Nvidia CEO Jensen Huang said. Micron also said it finalized a $275 million direct funding award under the CHIPS Act to expand its Manassas facility. (Reporting by Arsheeya Bajwa in Bengaluru and David Shepardson in Washington; Editing by Anil D'Silva, Maju Samuel and Matthew Lewis)