Thursday 17 Sep 2026
main news image

(July 9): Micron Technology said on Thursday it plans to invest more than US$250 billion (RM1 trillion) in the US through 2035, driven by surging demand for memory chips in the AI era and President Donald Trump's push to bolster domestic chip production.

The new investment plan represents a jump from the US$200 billion that Micron announced last June, which was already increasedby US$30 billion from its original spending plans.

As part of the investment, Micron said it would spend US$3 billion on strengthening the US semiconductor supply chain, of which US$500 million will be used to fund advancements in GlobalWafers' 300-mm raw silicon wafer manufacturing facility in Sherman, Texas.

Shares of Micron were up more than 6% in pre-market trading.

Micron and GlobalWafers will also enter into a 10-year supply agreement that will provide Micron access to significant raw silicon wafer capacity to support its long-term manufacturing plans.

Uploaded by Magessan Varatharaja

      Print
      Text Size
      Share