Micron plans more than $250 billion in U.S. chip investments by 2035

Micron Technology now plans to spend more than $250 billion in the United States by 2035, escalating a bet on domestic memory-chip production as artificial intelligence drives demand and President Donald Trump presses for more U.S. semiconductor manufacturing.

The new figure is a sharp step up from the $200 billion plan Micron laid out last June, which itself had already been raised from an earlier estimate by $30 billion. Micron shares rose about 8% in early trading after the announcement, and the stock has climbed more than 250% in 2026 after topping a $1 trillion market value in May.

Micron’s campus in Clay, north of Syracuse at White Pine Commerce Park, was running more than one quarter ahead of schedule. Governor Kathy Hochul put the project four months ahead of schedule. Micron’s broader buildout in New York, Idaho and Virginia is expected to create more than 90,000 direct and indirect jobs.

In April 2024, federal officials awarded Micron up to $6.1 billion in CHIPS and Science Act funding tied to about $50 billion in gross capital spending through 2030. The Commerce Department later awarded the company up to $6.165 billion in CHIPS incentives for projects in Idaho and New York, and in June 2025 Micron and the Trump administration put the company’s U.S. investment plan at about $150 billion in domestic memory manufacturing and $50 billion in research and development.

Micron is also widening the plan beyond final assembly and wafer fabs. The company will spend up to $3 billion to strengthen the U.S. semiconductor supply chain, including $500 million for GlobalWafers’ 300-millimeter raw silicon wafer facility in Sherman, Texas, alongside a 10-year supply agreement for raw silicon wafers. Micron is a key supplier for Nvidia’s AI chipsets. Micron first announced the New York megafab in October 2022 as an investment of up to $100 billion over more than 20 years.