Micron expands US chip investment to over $250 billion by 2035

Micron Technology announced that its U.S. capital programme will rise to more than $250 billion through 2035, up from the $200 billion plan disclosed a year earlier. The increase adds up to $3 billion for strengthening the domestic semiconductor supply chain, including a $500 million strategic financing for GlobalWafers’ 300 mm silicon‑wafer fab in Sherman, Texas, and a ten‑year wafer‑supply agreement. Micron aims to produce 40 percent of its DRAM in the United States and expects the combined projects in New York, Idaho and Virginia to generate over 90 000 direct and indirect jobs. The New York Clay site saw its first concrete pour about a quarter ahead of schedule, moving the plant into vertical construction. The investment is driven by soaring demand for AI‑related memory chips, which have lifted Micron’s recent earnings and pushed its stock up 5‑7 percent after the announcement. Analysts cite the move as a response to U.S. policy incentives and a strategy to reduce reliance on overseas supply chains while meeting the explosive growth of data‑center workloads.