Micron boosts US investment to $250B, targets 40% domestic DRAM output by 2035

Micron Technology announced it will invest more than $250 billion in the United States through 2035, increasing its spending plans as demand for AI memory chips continues to rise. The company said the expanded investment supports its goal of producing 40 percent of its DRAM memory in the U.S. while expanding domestic manufacturing capacity and creating thousands of jobs. The announcement coincided with the first concrete pour at Micron's semiconductor campus in Clay, New York, marking the start of vertical construction. The company said the milestone was reached more than a quarter ahead of its original schedule. Micron also announced a separate plan to invest up to $3 billion to strengthen the U.S. semiconductor supply chain that will support its manufacturing operations across the country. The New York project is expected to become the largest private investment in the state's history. Once completed, the campus could include up to four fabrication plants and generate around 50,000 jobs, including 9,000 direct positions at Micron. Chairman, President and CEO Sanjay Mehrotra said the investment reflects growing confidence in long-term demand for advanced memory used in AI systems and data centers. Commerce Secretary Howard Lutnick said the campus increases the American investment commitment to $250 billion, creating nearly 100,000 jobs and providing leading-edge memory supply in the United States.