Micron boosts US investment to $250 billion as shares jump 7%

Micron Technology raised its U.S. investment target to $250 billion through 2035 and poured first concrete at its New York megafab, sending shares up 7 percent.

Micron Technology Inc. boosted its planned U.S. investment to more than $250 billion through 2035 and poured first concrete at its Clay, New York megafab, sending shares up 7 percent as the chipmaker accelerates domestic memory production for the AI era.

"Data and memory are foundational to the modern economy — and Micron is increasing our U.S. investments to more than $250 billion through 2035 to meet that moment," Sanjay Mehrotra, chairman, president and chief executive officer at Micron, said.

The company also plans to invest up to $3 billion in Texas, including $500 million in financing for silicon wafer supplier GlobalWafers to expand its 300-millimeter manufacturing facility in Sherman. Micron will source raw materials from GlobalWafers for 10 years under the agreement. The New York milestone — the largest semiconductor construction site in U.S. history — came more than one quarter ahead of schedule, with Bechtel selected as the engineering, procurement and construction partner.

The expanded commitment, up from $200 billion previously, supports Micron's goal of manufacturing 40 percent of its DRAM in the U.S. and positions the company to fulfill supply deals with Ford Motor Co. and General Motors Co. as automakers integrate more advanced chips for AI-enabled vehicles. MU shares traded near $185 following the surge and ranked among the top ten trending tickers on Stocktwits.

The New York project, which received a $6.1 billion grant from the CHIPS and Science Law championed by Senator Chuck Schumer, is expected to generate 50,000 jobs in the state, including 9,000 direct Micron positions. More than 80 percent of the workers on site to date have been New York residents, and the company has directed about $675 million to New York-based contractors, suppliers and subcontractors.

Micron is also making rapid progress in Idaho, where first wafer output is expected in mid-calendar 2027 for the first fab and late calendar 2028 for the second. In Virginia, the company began initial production of its 1-alpha DDR4 technology earlier this year, supporting long-lifecycle products in automotive, industrial, medical, aerospace and defense markets.

The investment push comes as the Trump administration prioritizes strengthening the domestic semiconductor supply chain and reducing reliance on Asian manufacturing. Commerce Secretary Howard Lutnick, who attended the concrete pour ceremony, said the project "creates nearly 100,000 jobs and provides leading-edge memory supply here in the United States."

For investors, the accelerated timeline and expanded capital commitment suggest Micron sees AI-driven memory demand as durable rather than cyclical. The company's ability to lock in wafer supply through the GlobalWafers deal and secure government support through the CHIPS Act reduces execution risk on its U.S. manufacturing ramp. Rival memory makers Samsung Electronics and SK Hynix have also announced U.S. investments, but Micron's $250 billion pledge is the largest single corporate commitment to domestic chip manufacturing.

This article is for informational purposes only and does not constitute investment advice.