Micron Bets $250 Billion on U.S. Chip Expansion in AI Race

Micron Technology said it will increase its U.S. manufacturing and technology investments, with total spending expected to exceed $250 billion by 2035. The company is accelerating its expansion to meet growing demand for memory chips driven by artificial intelligence.

The investment supports Micron’s long-term goal of producing 40% of its global DRAM output in the United States. As part of the plan, the company will invest up to $3 billion to strengthen the domestic semiconductor supply chain.

Micron also announced it will provide $500 million in financing to GlobalWafers and sign a 10-year supply agreement with the company. The financing will support the development and capacity expansion of GlobalWafers’ 300mm prime silicon wafer manufacturing plant in Texas.

In addition, Micron said it will explore collaboration with GlobalWafers on next-generation wafer technologies and process innovations, while the long-term supply agreement will secure significant raw silicon wafer capacity.

The company’s Idaho wafer fabrication plant is progressing rapidly and is expected to begin producing wafers in mid-2027. Micron also said its multiple U.S. projects are expected to create more than 90,000 jobs, with the New York project alone projected to generate 50,000 jobs, including 9,000 direct positions.