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Micron increases its U.S. investment plan to $250 billion, betting on demand for AI storage chips
Micron Technology said it plans to increase spending on its new U.S. factories to $250 billion to meet the surge in demand for memory chips driven by the global AI boom. This move adds another $50 billion on top of Micron’s previously announced $200 billion support commitment, to expand domestic chip manufacturing capacity, including projects in New York State, Idaho, and Virginia. This spending is expected to continue through 2035 and supports Micron’s goal of producing 40% of its DRAM products in the United States within the next ten years.
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