Micron Raises US Investment Plan to $250 Billion by 2035

Memory chip manufacturer Micron Technology has announced an increase in its US investment plan, committing a total of $250 billion by 2035. The company has revised its previously announced investment target upward, continuing its strategy of expanding production capacity and focusing on advanced chip manufacturing. This new commitment from Micron is seen as part of efforts to boost semiconductor production in the US and strengthen the supply chain. The company aims to meet demand for high-bandwidth memory (HBM) and other advanced memory solutions, particularly for artificial intelligence and data center applications. Under the investment plan, Micron plans to make significant investments in its facilities in Idaho and New York. The company states that these investments will create thousands of new jobs and enhance US competitiveness in semiconductor manufacturing. Micron's move is also supported by incentives provided under the US government's CHIPS Act. The company had previously applied for federal funding and announced that part of this investment plan would be financed through these incentives. This is not investment advice.