Micron To Boost U.S. Investment To $200B, Build New Plants In 2 States
Micron Technology, the largest U.S.-based manufacturer of semiconductors, has pledged to spend $200B to increase domestic chip production, an increase from previous plans after reaching a deal with the Trump administration on federal funding.
Micron would spend $150B on domestic manufacturing and $50B on research and development, Bloomberg reported. The plans call for a new fabrication facility in Idaho and two in New York state as well as an expansion of its factory in Manassas, Virginia.
The deal was announced Thursday morning in a joint statement with the Commerce Department, which led the renegotiation of $6.1B in funding that Micron had already been allotted in the CHIPS and Science Act.
Micron announced last year its plans to invest $50B in domestic memory manufacturing through 2030. Its new investment would quadruple that total, and the Commerce Department agreed to increase the amount of funding toward Micron via the CHIPS Act by $275M.
Trump directed Commerce Secretary Howard Lutnick in March to renegotiate CHIPS Act deals struck during the Biden administration. The executive order vowed to cut regulations and fast-track projects planning over $1B in U.S. investment. The Commerce Department's press release said it would “partner with Micron to provide white glove service to expedite permitting requirements.”
“This approximately $200 billion investment will reinforce America’s technological leadership, create tens of thousands of American jobs across the semiconductor ecosystem and secure a domestic supply of semiconductors — critical to economic and national security,” Micron CEO Sanjay Mehrotra said in a statement.
Micron is planning to build on its existing facilities in Idaho, where it has already completed key construction milestones and expects to begin its dynamic random access memory output in 2027. It said Thursday it would build a new high-volume semiconductor manufacturing facility in Idaho as well.
Additionally, it plans to add two new high-volume fabrication facilities near its expansion that is already underway in upstate New York. The company also aims to expand its Virginia operations. Altogether, these projects are expected to generate a total of 90,000 direct and indirect jobs.
“We’re doing it at a scale that secures American technology dominance for decades to come,” Lutnick said in a statement. “Micron’s commitment to Idaho, New York and Virginia is a huge win for our economy, our national security and American workers.”
The House passed a 2026 budget that builds on the CHIPS Act by expanding a corporate tax break to include factory buildings, allowing full deductions for real estate used in manufacturing. The legislation is currently being debated by the Senate.
