Micron Technology Boosts US Chip Manufacturing with a $250 Billion Investment by 2035
Micron Technology (Nasdaq: MU) unveiled a significant expansion of its U.S. manufacturing investment on July 9, 2026. The company is set to invest more than $250 billion through 2035, marking a $50 billion increase from its previous commitment of $200 billion. This surge is driven by the rising demand for AI memory chips and the Trump administration’s initiative to boost domestic semiconductor production, accelerating Micron’s growth plans.
The cornerstone of Micron’s expansion is a sprawling semiconductor campus near Syracuse, New York. This site is expected to become the largest semiconductor manufacturing facility in U.S. history. Less than six months after breaking ground in January 2026, the first concrete was poured at the New York fab, ahead of schedule. The New York project, which includes up to four fabrication plants, is projected to create 50,000 jobs, including 9,000 direct Micron positions. New York Governor Kathy Hochul hailed it as the largest private investment in New York State history.
In a separate announcement, Micron revealed plans for an additional $3 billion investment to fortify the U.S. semiconductor supply chain. This includes $500 million in strategic financing for GlobalWafers to enhance its 300mm raw silicon wafer manufacturing facility in Sherman, Texas. CEO Sanjay Mehrotra stated that the expanded investment aligns with Micron’s goal of producing 40% of its DRAM chips domestically, while generating more than 90,000 total U.S. jobs. Following the announcement, Micron shares experienced an 8% surge.
Source: Yahoo Finance / Quartz — Micron Amplifies U.S. Investment to $250 Billion for AI Memory Chips