Micron Technology Inc. (NASDAQ:MU) CEO Sanjay Mehrotra said Thursday the company has increased its planned U.S. manufacturing and research investment to more than $250 billion, expanding its commitment to domestic memory production and semiconductor supply chain capacity.
Investment Commitment Grows
Mehrotra said in a post on X that Micron’s investment supports the company’s goal of producing 40% of its dynamic random-access memory (DRAM) chips in the U.S. while creating more than 90,000 jobs.
The company’s increased investment expands on Micron’s earlier commitment of more than $200 billion for U.S. manufacturing and R&D.
Earlier this month, Micron said its $250 million commitment to the Trump Accounts program complemented the company’s investment plans.
Today is a proud day for Micron and American manufacturing. 🇺🇸
— Sanjay Mehrotra (@MicronCEO) July 9, 2026
We’re increasing our planned U.S. manufacturing and R&D investment commitment to more than $250B, supporting our goal of producing 40% of our DRAM in America and creating 90,000+ jobs.
We also poured the first… pic.twitter.com/5pFxRl1AtW
“This is American investment. American technology. American workers,” Mehrotra added, thanking President Donald Trump, Commerce Secretary Howard Lutnick and other federal and state officials.
New York DRAM Megafab Construction Begins
Mehrotra said Micron poured the first concrete at its New York DRAM “megafab” ahead of schedule and announced up to $3 billion in additional investment to strengthen the U.S. semiconductor supply chain.
The artificial intelligence boom has fueled a sharp rally in Micron shares, which have gained 214.39% year to date and 711.22% over the past year.
AI Memory Demand Fuels Expansion
The expansion comes as demand for high-bandwidth memory (HBM) continues to surge alongside record investment in AI infrastructure spending.
Micron and South Korea’s SK Hynix are among NVIDIA Corp‘s(NASDAQ:NVDA) key HBM suppliers, with the chips used in AI accelerators powering large-scale data centers.
SK Hynix, Micron’s biggest AI memory rival, is set to go public on the Nasdaq on Friday, with plans to raise up to $29.4 billion in what could become the largest foreign offering in history.
Price Action: Shares of Micron climbed 4.52% on Thursday at $991.64 and gained a further 1.10% in extended trading.
Benzinga edge rankings indicate MU has a Momentum score in the 99th percentile and a Growth score in the 84th percentile.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Thrive Studios ID on Shutterstock.com
