Micron Technology Inc is expanding its domestic investment plan to US$200 billion as its seeks to boost US semiconductor manufacturing, with the backing of US President Donald Trump’s administration, the US chip giant said yesterday.
The move, aimed at strengthening America’s domestic chip supply chain, represents an additional US$30 billion beyond Micron Technology’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 US pushes to reduce its reliance on foreign semiconductor production. Memory chips are critical components used in national defense systems, automobiles and national security applications.
Photo: Aly Song, Reuters
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 US, and threatened to impose crippling tariffs on imports from around the world.
The Idaho-based company said it would invest approximately US$150 billion in domestic memory manufacturing and US$50 billion in research and development over the coming years, creating an estimated 90,000 direct and indirect jobs across multiple states.
Micron Technology 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 US.
Several prominent US tech CEOs were quoted in the announcement statement, stressing the importance of the project.
Nvidia Corp cofounder and CEO Jensen Huang (黃仁勳) called it “an important step forward for the AI ecosystem,” referring to the heavy investments in artificial intelligence by the US tech giants.
Apple Inc 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 Technology 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.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) last week recorded an increase in the number of shareholders to the highest in almost eight months, despite its share price falling 3.38 percent from the previous week, Taiwan Stock Exchange data released on Saturday showed. As of Friday, TSMC had 1.88 million shareholders, the most since the week of April 25 and an increase of 31,870 from the previous week, the data showed. The number of shareholders jumped despite a drop of NT$50 (US$1.59), or 3.38 percent, in TSMC’s share price from a week earlier to NT$1,430, as investors took profits from their earlier gains
AI TALENT: No financial details were released about the deal, in which top Groq executives, including its CEO, would join Nvidia to help advance the technology Nvidia Corp has agreed to a licensing deal with artificial intelligence (AI) start-up Groq, furthering its investments in companies connected to the AI boom and gaining the right to add a new type of technology to its products. The world’s largest publicly traded company has paid for the right to use Groq’s technology and is to integrate its chip design into future products. Some of the start-up’s executives are leaving to join Nvidia to help with that effort, the companies said. Groq would continue as an independent company with a new chief executive, it said on Wednesday in a post on its Web
CHINA RIVAL: The chips are positioned to compete with Nvidia’s Hopper and Blackwell products and would enable clusters connecting more than 100,000 chips Moore Threads Technology Co (摩爾線程) introduced a new generation of chips aimed at reducing artificial intelligence (AI) developers’ dependence on Nvidia Corp’s hardware, just weeks after pulling off one of the most successful Chinese initial public offerings (IPOs) in years. “These products will significantly enhance world-class computing speed and capabilities that all developers aspire to,” Moore Threads CEO Zhang Jianzhong (張建中), a former Nvidia executive, said on Saturday at a company event in Beijing. “We hope they can meet the needs of more developers in China so that you no longer need to wait for advanced foreign products.” Chinese chipmakers are in
POLICY REVERSAL: The decision to allow sales of Nvidia’s H200 chips to China came after years of tightening controls and has drawn objections among some Republicans US House Republicans are calling for arms-sale-style congressional oversight of artificial intelligence (AI) chip exports as US President Donald Trump’s administration moves to approve licenses for Nvidia Corp to ship its H200 processor to China. US Representative Brian Mast, the Republican chairman of the US House Committee on Foreign Affairs, which oversees export controls, on Friday introduced a bill dubbed the AI Overwatch Act that would require the US Congress to be notified of AI chips sales to adversaries. Any processors equal to or higher in capabilities than Nvidia’s H20 would be subject to oversight, the draft bill says. Lawmakers would have
RSS