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Micron raises its U.S. investment plan to $250 billion, betting on demand for AI memory chips

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BlockBeats News. On July 9, Micron Technology said it plans to increase spending on a new U.S. factory to $250 billion to meet the surge in demand for storage chips driven by the global artificial intelligence boom. This move means adding $50 billion on top of Micron’s previously announced $200 billion support commitment to expand domestic chip manufacturing in the U.S., including projects in New York, Idaho, and Virginia. The spending is expected to continue until 2035 and support Micron’s goal of producing 40% of its DRAM products in the U.S. over the next decade.
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