(Micron via YouTube)
Chipmaker Micron Technology Inc. said it will spend about $200 billion on U.S. manufacturing, research and development, the latest company to pledge large-scale investments in the country since President Donald Trump won election.
The spending will include roughly $150 billion for domestic manufacturing capacity and another $50 billion for R&D, it said in a statement June 12. Micron said the total represents an increase of $30 billion beyond what it had previously planned.
The Trump administration has prioritized getting companies to make investment pledges in the U.S. as part of a broad effort to stimulate the economy and boost its manufacturing base. Apple Inc., Microsoft Corp. and Taiwan Semiconductor Manufacturing Co. have all said publicly they will increase their investments in the U.S. economy, often alongside Trump officials or Trump himself.
In hearings last week, Commerce Secretary Howard Lutnick said the U.S. was reworking agreements it had reached with semiconductor companies under the 2022 CHIPS and Science Act to secure what he described as better terms.
Today, Micron and the Trump Administration announced Micron’s plans to expand our U.S. investments, totaling approximately $200 billion in domestic semiconductor manufacturing and research and development, creating an estimated 90,000 direct and indirect jobs.
Read more on… pic.twitter.com/TJLzac9ujr
— Micron Technology (@MicronTech) June 12, 2025
“Are we renegotiating? Absolutely, for the benefit of the American taxpayer, for sure,” Lutnick said at the time. “We’re getting more value for the same dollars.”
In particular, he cited the decision by TSMC to add $100 billion to its previous commitment for $65 billion in investment. The Taiwanese chipmaker is receiving $6.6 billion in CHIPS Act grants, but stepped up its plans without additional government money, Lutnick said.
Micron is expected to get about $6 billion in CHIPS Act money to build domestic production capacity.
In some cases, the U.S. administration has taken credit for projects that were already underway or that will take many years to complete. Japan’s SoftBank Group Corp. and OpenAI unveiled what was described as a possible $500 billion AI venture, but progress in making those investments slowed earlier this year.
In Micron’s case, the company had previously pledged to invest about $125 billion to build factories in the US, though it began slow-walking some plans last year.
Including the newest investment pledge, Micron said the investments should result in the creation of approximately 90,000 direct and indirect jobs. The additional $30 billion will be used for a range of projects, including for construction of a memory plant in Boise, Idaho, and modernizing an existing facility in Manassas, Va.
The time frame for Micron’s overall $200 billion investment plan wasn’t immediately clear. The company has allocated anywhere between $7 billion and $12.5 billion to annual capital spending in recent years.
Shares of Micron fell as much as 2.2% after markets opened in New York.
