Micron commits over $250 billion to expand domestic memory chip production amid surging AI-driven demand and government incentives.
Micron Technology (NASDAQ:MU) announced plans to invest more than $250 billion in the US by 2035, driven by rising demand for AI memory chips. The company also allocated $3 billion to bolster the domestic semiconductor supply chain, including $500 million for GlobalWafers’ Texas wafer facility under a 10-year supply deal.
The investment aligns with US efforts to localize semiconductor manufacturing and reduce reliance on overseas suppliers. Micron aims to produce 40% of its DRAM chips domestically as part of its long-term strategy. The company recently marked progress at its Clay, New York, fab, which is expected to become the largest US semiconductor site.
Micron serves diverse markets, including cloud servers, automotive, and industrial sectors, positioning itself to capitalize on AI-driven growth.