US Chip Giant Micron Technology Boosts Domestic Investment Plan to $200 Billion

Washington, DC - In a move aimed at strengthening America's domestic chip supply chain, chip giant Micron Technology has announced plans to expand its domestic investment plan to $200 billion, as backed by the Trump administration.

The new commitment represents an additional $30 billion beyond Micron's previous investment pledges and includes plans to build a second leading-edge memory fabrication facility in Boise, Idaho. The Idaho-based company said it would invest approximately $150 billion in domestic memory manufacturing and $50 billion in research and development over the coming years, creating an estimated 90,000 direct and indirect jobs across multiple states.

The move comes as the United States pushes to reduce its reliance on foreign semiconductor production, particularly for critical components used in national defense systems, automobiles, and national security applications. Memory chips are a crucial component of modern technology, and strengthening domestic production is seen as essential for national security and economic competitiveness.

The announcement is part of the Trump administration's broader efforts to secure major investment commitments from technology companies and strengthen US industrial capacity. Since taking office, President Trump has announced corporate investment pledges totaling hundreds of billions of dollars.

Prominent tech CEOs, including Nvidia founder and CEO Jensen Huang, hailed the move as an important step forward for the AI ecosystem and American manufacturing leadership. "This is an important step forward for the AI ecosystem," said Huang, referring to the heavy investments in artificial intelligence by US tech giants.

Apple CEO Tim Cook welcomed the announcement, stating that it's "another great example of American manufacturing leadership, and we look forward to building on our work together."

Micron's new investment plan aims to significantly boost domestic memory manufacturing capacity, with the company aiming to increase the US share of production from nearly zero percent today to 10 percent over the next decade. The move is seen as a major win for the Trump administration, which has been pushing for increased investment in US industry.