Micron Technology announced on Thursday that it plans to invest more than $250 billion in the U.S. through 2035, driven by rising demand for memory chips in the AI era and President Donald Trump’s effort to strengthen domestic chip manufacturing.
The new investment plan reflects a jump from the $200 billion that Micron announced last June, which had already been increased by $30 billion from its original spending plans.
As part of the investment, Micron said it would spend $3 billion to strengthen the U.S. semiconductor supply chain, with $500 million allocated to funding advancements at GlobalWafers’ 300-mm raw silicon wafer manufacturing facility in Sherman, Texas.
Ben Tessone, SVP at Micron Technology, told investors, “Securing a reliable supply of critical input materials is essential to supporting Micron’s long-term growth and technology roadmap. Micron’s strategic investment in the U.S. semiconductor ecosystem and GlobalWafers’ raw silicon wafer manufacturing facility reflects our commitment to strengthening supply assurance, deepening collaboration with key suppliers, and supporting the expansion of the semiconductor supply chain and manufacturing infrastructure in the United States. Together, these efforts help build a more resilient supply chain that can support future innovation and growing demand for advanced memory solutions.”
Doris Hsu, Chairperson and CEO of GlobalWafers, commented, “Micron has long been an important partner of GlobalWafers, and we are honored to further deepen our strategic collaboration and jointly support the stable supply of critical materials for the semiconductor industry. GlobalWafers is currently the only raw silicon wafer supplier participating in the CHIPS for America Program that is capable of locally producing advanced 300mm wafers in the United States. Through this close collaboration with Micron, we are not only continuing to meet market demand for high-quality semiconductor wafers, but also helping to strengthen local manufacturing capabilities and supply chain resilience, working hand in hand with Micron to support the continued growth of the U.S. semiconductor ecosystem.”
U.S. Secretary of Commerce Howard Lutnick stated, “Micron’s pledge of $3 billion to strengthen the U.S. semiconductor supply chain and expand domestic manufacturing capabilities is making the United States stronger in a sector that is vital to our economy and our technological leadership,” said Commerce Secretary Howard Lutnick. “When great companies invest in America, build in America, and bet on American workers, we create the conditions for our country and companies to succeed.”
U.S. Trade Representative Ambassador Jamieson Greer said, “Memory chips are vital to the infrastructure we depend on, from satellites and cars to medical devices and defense systems. President Trump’s trade agenda is safeguarding these critical industries by incentivizing companies to build, invest, and innovate on American soil. Micron’s additional investment of $3 billion will further expand our domestic manufacturing footprint, creating more jobs, enhancing our supply chain resilience, and strengthening our semiconductor ecosystem.”
Micron shares rose over 7% following the announcement.
By CEO NA Editorial Staff
