Micron lifts US chip investment to $250 billion by 2035

Micron Technology announced on Thursday a major expansion of its U.S. investment plans, committing more than $250 billion through 2035 to boost domestic production of memory chips critical for artificial intelligence and other advanced technologies. The announcement, made at an event in New York, significantly increases the company's previous $200 billion commitment and is aimed at meeting unprecedented demand driven by the global AI boom.

The investment will support Micron's long-term goal of producing 40 percent of its dynamic random-access memory (DRAM) chips in the United States within the next decade. A central component of the plan is the construction of a large semiconductor campus in central New York, which the company stated is progressing more than 25 percent ahead of schedule. The overall buildout, which also includes expansion and modernization of existing sites in Boise, Idaho, and Manassas, Virginia, is anticipated to create more than 90,000 direct and indirect jobs nationwide.

Company CEO Sanjay Mehrotra emphasized that memory is essential for AI innovation, noting that data centers account for more than half of the current demand. He stated that the need extends...