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Benzinga

Business

Kaustubh Bagalkote

Micron's $200 Billion US Chip Investment Plan Gets Backing From Trump Admin As AI Demand Soars

Micron United States MU Memory Micron Technology Inc Nasdaq Semiconductor America

Micron

Memory chipmaker Micron Technology Inc. (NASDAQ:MU) announced on Wednesday it will invest approximately $200 billion in U.S. manufacturing and research over the next 20-plus years, marking one of the largest domestic semiconductor investments in American history.

What Happened: The Boise-based company said the investment includes $150 billion in manufacturing facilities and $50 billion in research and development, representing a $30 billion increase beyond previously announced plans.

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One subscription that gives you access to news from hundreds of sites

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Hurricane Isaias live updates: airports close in Alabama and Florida as category 3 storm nears Gulf coast

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