Micron boosts planned U.S. investment by $30 billion amid AI-driven demand
Investing.com -- Micron Technology Inc (NASDAQ:MU) has announced plans to expand its U.S.-based semiconductor manufacturing and research footprint with an investment totaling approximately $200 billion. The move, in partnership with the Trump administration, includes $150 billion earmarked for manufacturing and $50 billion for research and development, and will create an estimated 90,000 direct and indirect jobs.
The initiative expands Micron's ambitions beyond previous plans by $30 billion, including the development of a second memory fabrication facility in Boise, Idaho, and the modernization of its plant in Manassas, Virginia. The company will also bring advanced packaging capabilities for High Bandwidth (NASDAQ:BAND) Memory (HBM) to the U.S., targeting growth fueled by AI adoption.
The expanded footprint includes up to six high-volume, leading-edge memory fabs across Idaho and New York. Micron aims to produce 40% of its DRAM in the U.S., reinforcing its competitive position amid rising demand for AI-related computing infrastructure.
Construction on Micron's first fab in Idaho is already underway, with production slated to begin in 2027. The newly announced second fab will further increase DRAM output, while site preparation for the first New York facility is expected to commence this year once remaining regulatory reviews are complete.
'Micron's U.S. memory manufacturing and R&D plans underscore our commitment to driving innovation and strengthening the domestic semiconductor industry,' Micron CEO Sanjay Mehrotra stated. '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.'
The development has attracted endorsements from across industry, including Nvidia (NASDAQ:NVDA) and Microsoft (NASDAQ:MSFT), two companies central to the AI hardware and software ecosystem. 'Micron's investment in advanced memory manufacturing and HBM capabilities in the U.S., with support from Trump Administration, is an important step forward for the AI ecosystem,' said Nvidia CEO Jensen Huang. Microsoft CEO Satya Nadella added, 'Strengthening semiconductor manufacturing in the U.S. will drive new innovation, create high-skilled jobs, and further American competitiveness.
In addition to its manufacturing investment, Micron has committed over $325 million to workforce development initiatives in Idaho, New York, and Virginia. These efforts include academic partnerships, curriculum development, and training programs to ensure a stable pipeline of talent to support the company's growth across critical technology sectors.
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