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 its 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, the 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.
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