Micron Technology has announced a massive $30 billion expansion to its U.S. investment plans, pushing its total commitment to $200 billion as President Donald Trump intensifies efforts to ramp up domestic semiconductor production and reduce foreign reliance. The move comes as the Trump administration revisits CHIPS Act funding deals made under former President Joe Biden, while simultaneously threatening tariffs on semiconductor imports.
Previously, Micron had outlined $100 billion for a New York plant and $25 billion for Idaho. The new funding will focus on constructing a second state-of-the-art memory fab in Boise, Idaho, and expanding its Virginia facility in Manassas. The company also plans to dedicate $50 billion to research and development, aiming to produce 40% of its DRAM chips in the U.S.
These DRAM chips are vital for computers, vehicles, wireless communications, and AI systems. Micron’s High-Bandwidth Memory (HBM), in particular, supports next-gen artificial intelligence applications. AI chip leader Nvidia, a Micron customer, backed the move. “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,” said Nvidia CEO Jensen Huang.
The expansion includes a finalized $275 million CHIPS Act award to bolster Micron’s Virginia operations. Despite Trump’s criticism of the 2022 CHIPS and Science Act, his administration is renegotiating some grants, not eliminating them, signaling a pivot toward more performance-driven incentives in the sector.
Swifteradio.com
