Micron Technology Inc. has announced a significant expansion of its U.S. investments, committing approximately $200 billion to bolster semiconductor manufacturing and research and development across Idaho, New York, and Virginia. This initiative aims to enhance domestic memory supply and support Micron's goal of producing 40% of its DRAM in the U.S. The expansion plan includes constructing two leading-edge high-volume fabs in Idaho, up to four in New York, and modernizing its existing Virginia facility. Additionally, Micron will introduce advanced HBM packaging capabilities to meet the growing demand driven by AI. The investment is expected to create around 90,000 direct and indirect jobs, reaffirming Micron's position as a global leader in memory technology and supporting critical industries such as AI, automotive, and aerospace & defense.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.