Micron raises US chip investment to $200 billion, adds new Idaho plant, aims to capture 10% global share with Trump backing
US semiconductor giant Micron Technology on Thursday announced it is expanding its domestic investment to $200 billion, supported by the Trump administration, in a major push to strengthen America's chip manufacturing and supply chain resilience.
The revised plan includes an additional $30 billion over previous commitments and features the construction of a second cutting-edge memory chip fabrication facility in Boise, Idaho. The Idaho-based firm said the broader investment will allocate $150 billion for manufacturing and $50 billion for R&D over the coming years, generating an estimated 90,000 direct and indirect jobs across several US states, AFP reported.
The move aligns with the Trump administration's push to secure large-scale investments from technology firms and revive US industrial capacity. Trump has repeatedly urged companies to expand domestic manufacturing and has warned of steep tariffs on imports to spur local production.
Micron's announcement also includes modernization of its existing plant in Manassas, Virginia, and the addition of end-to-end High Bandwidth Memory (HBM) manufacturing in the US—critical to national defense and AI applications.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Pinga-Pinga e HBP? Tome isso 1x ao dia se tem mais de 40 anos
Portal Saúde do Homem
Clique aqui
Undo
The investment drew praise from major US tech leaders. Nvidia CEO Jensen Huang called it 'an important step forward for the AI ecosystem,' while Apple's Tim Cook said it was 'another great example of American manufacturing leadership.'
Micron aims to raise the US share of global memory chip production from near zero to 10% over the next decade.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
25 minutes ago
- India Today
Big order for all Air India Boeing Dreamliners after deadly Ahmedabad crash
All planes under the Boeing 787-8/9 fleet of Air India will undergo an enhanced safety inspection starting Sunday, June 15, the civil aviation ministry has announced. The 787 Dreamliner and American aircraft manufacturer Boeing have come under scrutiny following the deadly Air India Ahmedabad-London flight crash that killed all except one on engine and hydraulic systems monitoring are among the advanced checks ordered by the Directorate General of Civil Aviation (DGCA), which will seek a report of the checks for Air India Boeing Dreamliner planes with GenX engines will undergo safety checks. Here's what the order stated:Inspection of fuel parameter monitoring and associated system of cabin air compressor and associated engine control system fuel-driven actuator-operational test and oil system check of hydraulic of take-off power assurance checks will be carried out within two weeks, and a 'Flight Control Inspection' will be snags on the Boeing Dreamliner flights during the last 15 days have to be reviewed at the earliest. Maintenance actions have to be closed upon the review, the government least 265 people were killed after the Air India flight hit a resident doctors' hostel building in Ahmedabad, soon after take-off from the Sardar Vallabhbhai Patel International crash marked the first fatal accident involving a 787 since its commercial debut in Boeing engineer had raised serious concerns about the structural integrity of the Boeing 787 Dreamliner in 2024. However, there is no evidence linking the concerns raised by the official to the recent Air India plane Airplanes, in its statement on the Air India crash, said that it was "in contact with Air India regarding Flight 171", adding it stood "ready to support them".Trending Reel
Mint
26 minutes ago
- Mint
Mark Zuckerberg-led Meta bets big on Scale AI: Who is Alexander Wang, the 28-year-old MIT dropout behind the startup?
Meta Platforms has invested in US-based firm Scale AI in a deal that values the data-labelling startup at $29 billion. After the deal, Jason Droege will serve as the interim CEO of the AI firm. Meta's stake in the startup will give its 28-year-old CEO, Alexandr Wang, an opportunity to play a prominent role in the tech giant's artificial intelligence strategy. The Facebook owner will reportedly take a 49 per cent stake for $14.3 billion. "We will deepen the work we do together producing data for AI models and Alexandr Wang will join Meta to work on our superintelligence efforts," Meta said in a statement reported by Reuters. The main driver behind Meta's huge investment in Scale AI was to secure Wang to lead its new superintelligence unit, according to information given to Reuters. Wang was born in Los Alamos, New Mexico. His parents were Chinese immigrants who worked as physicists. The CEO dropped out of the prestigious MIT to co-found Scale. He was quickly recognised as one of Silicon Valley's most promising entrepreneurs, who successfully raised capital from blue-chip venture capital firms and achieved billionaire status in his 20s, Reuters said. Meta, who was once a leader in open-source AI models, has been postponing the launches of new open-source AI models due to staff departures. These AI models are important to rival competitors like Google, OpenAI, and China's DeepSeek, reported Reuters. By luring Wang into joining the tech giant, who does not come from a research background, yet built a major AI business, Meta CEO Mark Zuckerberg is betting that Meta's AI efforts can be turned around by an adept business leader more in the mold of Altman than the research scientists at the helm of most competing labs, reported Reuters. Meta doesn't plan to take a board seat in Scale, as people with information told Reuters. A few employees from Scale, among a team of 1,500 people, will move to Meta with Wang as he will continue to serve on the Scale's board. However, it's still unclear if this deal will come under any regulatory scrutiny. Meta has earlier been sued by the US Federal Trade Commission, which alleged that it illegally acquired Instagram and WhatsApp to reduce competition. The startup was founded in 2016 as a platform that provides vast amounts of accurately labelled data, which is crucial for training sophisticated tools like OpenAI's ChatGPT. To do so, Scale set up subsidiary platforms such as Remotasks and Outlier to recruit and manage gig workers who manually label the data, according to Reuters. Before Meta bought a stake, it was valued at nearly $14 billion in a May 2024 funding round that included Nvidia, Amazon and Meta among its backers.
Time of India
28 minutes ago
- Time of India
JioBlackRock gears up for third debt launch, files draft document of overnight fund with Sebi
JioBlackRock Mutual Fund has filed a draft document with Sebi for its third debt fund - an overnight fund. JioBlackRock Overnight Fund will be an open ended debt scheme investing in overnight securities with a relatively low interest rate risk and relatively low credit risk. The investment objective of the Scheme is to generate regular income through investment in a portfolio comprising debt and money market instruments with overnight maturity. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Also Read | JioBlackRock Asset Management receives SEBI approval to commence mutual funds business The scheme will be benchmarked against NIFTY 1D Rate Index and will be managed by Arun Ramachandran, Vikrant Mehta, and Siddharth Deb. The scheme will offer only direct plans and the plan shall offer only growth options. Live Events The minimum application amount for lumpsum investment will be Rs 500 and any amount thereafter. The minimum amount for switch-in to the scheme will be Rs 500 and any amount thereafter. The minimum amount for Systematic Investment Plan (SIP) will be Rs 500 and in multiples of Re 1 thereafter. The scheme will invest 0-100% in overnight securities or debt and money market instruments maturing on or before next business day. The investment objective of the scheme is to generate returns by investing in debt and money market instruments with overnight maturity. The total assets of the scheme will be invested in debt securities and money market instruments maturing on or before next business day. The scheme will be suitable for investors who are seeking regular income over a short term that may be in line with overnight call rates and want investment in debt and money market instruments with overnight maturity. Also Read | JioBlackRock Mutual Fund files draft documents with Sebi to launch its first 2 debt schemes Two days before the fund house filed draft documents with Sebi for a money market fund and liquid fund. Last month, the fund house shared the news that it has received Sebi's approval to commence mutual fund business. Earlier this week, the fund house announced the appointment of its executive leadership team and the launch of its website along with an exclusive early access initiative
