Micron unveils $250 billion U.S. investment plan as stock reaches record highs

Micron Technology announced it will invest more than $250 billion in the United States through 2035, adding $50 billion to a previously pledged $200 billion. The program targets domestic production of 40 % of the company’s DRAM, creation of over 90,000 jobs, and expansion of facilities in New York, Idaho, Virginia and Texas, including a $500 million partnership with GlobalWafers for silicon wafer capacity.

During the same period Micron’s shares surged to an all‑time intraday high of $1,255 and closed at a record $1,213.56. Insider sales accelerated, with CEO Sanjay Mehrotra disposing of about $45 million of stock, director Lynn Dugle selling roughly $1.5 million, and EVP Sumit Sadana offloading $10.7 million. Institutional investors such as Calamos Wealth Management also increased their holdings. The rally was later tempered by a class‑action antitrust lawsuit against Micron, Samsung and SK Hynix and by SK Hynix’s upcoming Nasdaq listing, which prompted broader sell‑offs in the memory sector.