Micron Increases U.S. Investment to $250 Billion for AI Chips

Micron Technology increased its planned U.S. manufacturing and research investment to $250 billion through 2035, a $50 billion raise over its previous commitment. The expansion aims to produce 40% of the company's dynamic random access memory products domestically to meet AI-driven demand. The investment focuses on facilities in Idaho and Virginia, as well as a massive semiconductor campus in Clay, New York.

On July 9, 2026, the company performed the first ceremonial concrete pour at the New York site, which is described as the largest private investment in state history. CEO Sanjay Mehrotra announced that the project is running more than one quarter ahead of schedule. The New York complex will eventually house four fabrication plants, with production at the first facility projected to begin in 2028 or 2029. The project is supported by a $6.1 billion federal CHIPS grant and New York's Green Chips bill.

To bolster the domestic supply chain, Micron is allocating $3 billion toward resilience, including $500 million in strategic financing for GlobalWafers Co., Ltd. to expand its 300mm raw silicon wafer facility in Sherman, Texas. The two companies also signed a 10-year supply agreement.

President Donald Trump attributed the expansion to his administration's deregulation and reshoring policies. The broader investment plan is expected to create between 90,000 and 100,000 jobs across the U.S., including 50,000 roles related to the New York project.