MICRON REVEALS HUGE $200 BILLION US INVESTMENT BOOST
Micron Technology Plans to Invest $200 Billion to Enhance Domestic Semiconductor Manufacturing Capabilities
Get ready for some major innovation, y'all! Micron Technology, known as MU, just announced a whopping $200 billion investment to beef up semiconductor production in the good ol' USA. Here's the lowdown:
- Cash Injection: Approximately $150 billion will be allocated for fabrication (fabs) in three states and boosting advanced high-bandwidth memory (HBM) packaging capabilities, while $50 billion will be squirrelled away for research and development (R&D).
- Fed, State, and Local Funding: Micron has secured some serious greens from various sources, including up to $6.4 billion from the CHIPS and Science Act.
- Locations Galore: Most of the money will go towards building two fab facilities in Idaho, up to four in New York, expanding an existing facility in Virginia, and enhancing HBM capabilities.
LEADING THE CHARGE ON AMERICAN MANUFACTURING
Guess who's jumping on the bandwagon after President Donald Trump's call for more American manufacturing? Yep, you guessed it - MU! The chipmaker's US investments are estimated to reach around $150 billion for memory manufacturing and $50 billion for R&D.
CEO Sanjay Mehrotra believes this expansion will catalyze America's technological dominance, create bajillions of jobs across the semiconductor sector, and secure a domestic supply of semiconductors, which play a vital role in economic and national security.
OTHER TECH TITANS JUMPING ON BOARD
It's not just MU getting in on the action. This week, General Motors (GM) announced they'll be dropping a cool $4 billion to ramp up vehicle production at three US plants. TSMC, the chipmaking giant, is planning to invest a mind-boggling $100 billion in US-based manufacturing facilities, and Apple (AAPL) isn't far behind with plans to shell out more than half a billion over the next four years.
Shares of Micron Technology have been doing quite well, despite remaining unchanged today. They're currently sitting at their highest levels since last July, with a 37% increase so far this year.
BONUS INFO
Here's a little something-something extra for y'all: Micron is benefiting from substantial support from the CHIPS and Science Act, receiving an additional $275 million in direct funding on top of previously announced support[1][2]. This support will help MU construct a second fab in Boise, Idaho, expand its existing facility in Manassas, Virginia, and bring advanced HBM capabilities to the US for use in AI, automotive, and defense applications[1][2].
These projects across Idaho, New York, and Virginia are expected to create tens of thousands of jobs and significantly enhance US semiconductor supply chain resilience[2]. So there you have it - MICRON'S BIG MONEY MOVE TO BOOST US MANUFACTURING!
Micron Technology, in line with President Donald Trump's call for more American manufacturing, is planning to invest approximately $150 billion for memory manufacturing and an additional $50 billion for research and development (R&D), marking a significant entry in the trading of advanced technology sectors.
With these investments, Micron aims to leverage technology to strengthen the domestic supply of semiconductors, bolster American technological dominance, and create numerous jobs across the semiconductor sector – a crucial step in securing economic and national security.
