It looks like another chipmaker is ready to invest big money into the United States. After Taiwan Semiconductor Manufacturing Co. (TSMC) pledged to invest approximately $100 billion in the U.S. chip market, it looks like other chipmakers are following suit.
It would seem that President Donald Trump’s effort to make the U.S. an attractive investment opportunity for chip and semiconductor development has worked.
Chipmaker Micron announced on Thursday that it will invest an additional $30 billion in the U.S. as it looks to build out its manufacturing and research and development facilities in Idaho and New York.
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The move brings Micron’s total U.S. manufacturing and R&D investments up to roughly $200 billion, which would create some 90,000 direct and indirect jobs, the company said. Micron is receiving about $6.5 billion in funding from the U.S. CHIPS and Science Act.
“This approximately $200 billion investment will reinforce America’s technological leadership, create tens of thousands of American jobs across the semiconductor ecosystem and secure a domestic supply of semiconductors — critical to economic and national security,” Micron CEO Sanjay Mehrotra said in a statement.
Micron Technology Inc., founded in 1978 and headquartered in Boise, Idaho, is a global leader in semiconductor memory and storage solutions. The company designs and manufactures a wide range of memory products, including DRAM, NAND, and NOR flash, which are essential components in devices such as smartphones, computers, data centers, and automotive systems.
Micron serves diverse industries, including artificial intelligence, cloud computing, and mobile technology, positioning itself as a key player in the rapidly evolving tech landscape.
In fiscal year 2024, Micron reported strong financial growth with revenues reaching $25.1 billion, up 61.6% from the previous year. Despite facing challenges like fluctuating market demand and global economic uncertainties, Micron continues to invest heavily in expanding its manufacturing capabilities, including a $3 billion upgrade to its Virginia chip plant. These investments demonstrate the company’s commitment to innovation and its aim to meet the increasing global demand for advanced memory solutions.
“Micron’s investment in advanced memory manufacturing and HBM capabilities in the U.S., with support from the Trump Administration, is an important step forward for the AI ecosystem,” Nvidia (NVDA) CEO Jensen Huang said in a statement.
“Micron’s leadership in high-performance memory is invaluable to enabling the next generation of AI breakthroughs that NVIDIA is driving. We’re excited to collaborate with Micron as we push the boundaries of what’s possible in AI and high-performance computing,” Huang added.
Micron’s $200 billion investment in U.S. semiconductor manufacturing marks a transformative step for both the company and the nation. For Micron, it signals a major expansion of production capacity, boosting its ability to meet growing global demand, especially in AI and advanced technologies. This move strengthens Micron’s competitive edge and long-term growth prospects.
For the U.S., the investment supports national security by reducing dependence on foreign chip suppliers and creates tens of thousands of high-tech jobs. It also aligns with broader efforts to rebuild domestic manufacturing, ensuring the country remains a global leader in critical semiconductor innovation and supply chains.