Micron Commits $200B to U.S. Chip Manufacturing


Micron Commits $200B to U.S. Chip Manufacturing
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- Micron's $200 billion U.S. semiconductor manufacturing and research investment. - Initiative to support Trump administration's domestic chip production, tech leadership goals. On June 12, 2025, CoinDesk reported that Micron Technology plans a $200 billion investment aimed at enhancing U.S. semiconductor manufacturing and R&D. This initiative aligns with the Trump administration's goals to strengthen domestic chip production and enhance the United States' position in the technology sector. Micron’s plan allocates approximately $150 billion to expand domestic manufacturing capacity and dedicates an additional $50 billion to research and development, marking a $30 billion increase from the company’s previous commitments. Furthermore, the company expects this investment to create roughly 90,000 direct and indirect jobs within the semiconductor industry. The plan includes several key components: Micron will construct a second cutting-edge memory fabrication facility in Boise, Idaho, and will also renovate and expand its existing Manassas, Virginia, manufacturing facility to incorporate its 1-alpha DRAM node technology. A $275 million award from the CHIPS Act will partly fund the Manassas project segment. Furthermore, Micron aims to establish advanced High-Bandwidth Memory (HBM) packaging capabilities within the U.S., projecting these efforts will enable it to produce 40% of its DRAM domestically. The Department of Commerce noted these initiatives support a larger strategy to revitalize America's manufacturing strength. Concurrently, Commerce Secretary Howard Lutnick mentioned the administration is working to secure better terms for taxpayers in CHIPS Act agreements. Micron’s robust investment is one of several significant commitments from technology companies, all aimed at boosting U.S. manufacturing capabilities. As of 12:00 UTC on June 12, Ethereum (ETH) is trading at $2,945. According to CoinMarketCap on June 12, its 24-hour trading volume has increased by 3.1%.
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Category
Market
Published
2025-06-12 20:26
NFT ID
PENDING
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