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.
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