Micron invests $3 billion in US facilities
Micron Technology Inc. announced a $3 billion investment in chip manufacturing facilities in the US.
The company is the only American firm capable of producing high-end memory chips, making it a key player in the AI industry.
The investment builds on earlier plans and is expected to support long-term growth and technology development.
Phillip Securities raised the share price target to $1,870 from $530, citing the company’s ability to enter into long-term agreements amid a memory chip shortage