Micron Increases U.S. Investment Plan to $250 Billion by 2035, Stock Rises 5%

Micron Technology announced on Thursday (July 9) that it is raising its long-term U.S. investment commitment from $200 billion to $250 billion by 2035, adding approximately $50 billion in capital expenditure to expand domestic memory chip manufacturing capacity. The company also unveiled up to $3 billion in strategic investments, including $500 million to support Taiwan-based GlobalWafers in expanding silicon wafer R&D and production in Texas, paired with a 10-year supply agreement.

The announcement was driven by surging AI demand for high-bandwidth memory (HBM), DRAM, and NAND Flash. Micron's stock rose nearly 5% on the news, reflecting market confidence in continued strong AI infrastructure and semiconductor capital spending.