Memory chip manufacturer Micron Technology announced on Thursday that it is increasing its investments in the United States by $30bn amid growing pressure from President Donald Trump to relocate production and threats of new tariffs on semiconductors.
With this expansion, Micron's total investment plan now stands at $200bn. Last year, the company had already earmarked $100bn for industrial activities in New York State and $25bn in Idaho.
In December 2024, the Biden administration awarded Micron a $6.2bn grant under the $52.7bn CHIPS and Science Act to support semiconductor production in the US. But the Trump administration, which returned to power in January, has since moved to renegotiate some of these subsidies. Secretary of Commerce Howard Lutnick last week confirmed that several grants were under review.
Micron said its new investments will primarily target the construction of a second state-of-the-art factory in Boise, Idaho, and the expansion of a production facility in Manassas, Virginia. The goal is to produce 40% of the company's DRAM chips in the United States.
DRAM chips are essential in the personal computing, automotive, industrial, telecommunications, and artificial intelligence sectors. Micron is also a strategic supplier to Nvidia, whose new AI models rely on high-bandwidth memory (HBM) such as that developed by Micron.
"Micron's investments in advanced memory production and HBM capabilities in the United States, supported by the Trump administration, are a major step forward for the AI ecosystem," said Jensen Huang, CEO of Nvidia.
Micron also confirmed that it has finalized $275m in direct funding through the CHIPS Act for the expansion of its Manassas facility. In addition, the company plans to spend approximately $50bn on research and development.
