Micron Technology raised its US investment pledge to more than $250 billion through 2035, a $50 billion jump from the $200 billion commitment it made just last year. The surge in memory-chip demand from AI data centers is driving the expansion.
The plan includes $3 billion earmarked for the domestic supply chain, including $500 million toward GlobalWafers' 300mm silicon wafer plant in Sherman, Texas, backed by a 10-year supply deal. Micron's New York campus in Clay — set to be the largest semiconductor site in US history — is breaking ground ahead of schedule, alongside expansions in Idaho and Virginia expected to create over 90,000 jobs. The company aims to produce 40% of its DRAM domestically.
Micron shares jumped roughly 8% on the news, extending a year-to-date rally of more than 200% as the company, a key Nvidia supplier, rides the AI memory boom. The buildout aligns with the Trump administration's push to reduce reliance on foreign chip manufacturing.