Micron Raises U.S. Investment Target to Above $250 Billion by 2035

Micron has announced that it is accelerating its planned U.S. fab and technology investments and increasing its expected spend to more than $250 billion through 2035, driven by surging demand for memory in the AI era. Micron anticipates that the increase in investments will support its long-term goal of producing 40% of its DRAM in the U.S.. As part of the investment,  Micron announced plans to invest up to $3 billion to strengthen the U.S. semiconductor supply-chain ecosystem, which includes providing $500 million in strategic financing support for GlobalWafers and signing a 10-year supply agreement with the company to secure silicon wafer production capacity. The proposed transaction remains subject to definitive agreements, customary approvals and closing conditions.