Micron Raises U.S. Investment Plan to $250 Billion, Bets on AI Storage Chip Demand

BlockBeats News, July 9th - Micron Technology announced that it plans to increase its spending on a new U.S. factory to $250 billion to meet the surging demand for storage chips driven by the global AI boom. This move means an additional $50 billion on top of Micron's previously announced $200 billion commitment to expand its domestic chip manufacturing capacity in the United States, including projects in New York, Idaho, and Virginia. This expenditure is expected to last until 2035 and will support Micron's goal of producing 40% of its DRAM products in the United States over the next decade.