According to Huoxing Finance, on July 9, Micron Technology announced plans to increase its spending on a new U.S. factory to $250 billion to meet the surging demand for memory chips driven by the global AI boom. This move adds $50 billion to Micron’s previously announced commitment of $200 billion to expand domestic chip manufacturing in the U.S., including projects in New York, Idaho, and Virginia. The spending is expected to continue through 2035 and support Micron’s goal of producing 40% of its DRAM products in the United States over the next decade.
Micron Increases U.S. Investment to $25 Billion to Meet AI-Driven Demand for Memory Chips
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Summary
Micron Technology announced on July 9, 2026, a $25 billion increase in U.S. investment to meet AI-driven demand for memory chips. The $5 billion expansion will boost production in New York, Idaho, and Virginia. The plan extends through 2035, targeting 40% of U.S. DRAM output by 2036. New token listings and AI plus crypto developments continue to fuel momentum in the technology and semiconductor sectors.
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