
Micron Unveils $200B U.S. Semiconductor Expansion
Key highlights
- $200B investment to bolster U.S. semiconductor manufacturing and R&D.
- Creation of 90,000 jobs across Idaho, New York, and Virginia.
- Construction of multiple fabs, including two in Idaho and up to four in New York.
- $50B allocated to R&D, focusing on advanced memory technologies.
- Aim to produce 40% of DRAM domestically to enhance supply chain resilience.
Source: Globe Newswire
Notable Quotes
“ Micron's U.S. memory manufacturing and R&D plans underscore our commitment to driving innovation and strengthening the domestic semiconductor industry. ”
Sanjay Mehrotra, Chairman, President, and CEO at Micron Technology
“ Micron's planned investment will ensure the U.S. advances its lead across critical industries like AI, automotive, and aerospace & defense. ”
Howard Lutnick, U.S. Secretary of Commerce
“ 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. ”
Jensen Huang, CEO at Nvidia
Why This Matters
Micron Technology's $200 billion investment marks a significant milestone in revitalizing the U.S. semiconductor industry. By expanding manufacturing and R&D capabilities domestically, the initiative aims to reduce reliance on foreign supply chains, enhance national security, and position the U.S. as a leader in critical sectors like artificial intelligence, automotive, and defense. The creation of 90,000 jobs further underscores the economic impact of this expansion, fostering growth and innovation across multiple states.