Micron expands U.S. semiconductor investment plans through 2035
Micron is increasing its spending commitments in the United States as demand for memory chips rises with the artificial intelligence buildout. The company says the latest move includes a new strategic investment package and a higher long-term domestic capital plan through 2035.
Highlights
- Micron launches a new strategic investment of up to $3 billion and secures a 10-year silicon wafer supply agreement to strengthen the U.S. semiconductor supply chain.
- Micron increases its planned U.S. investment from $200 billion to $250 billion through 2035 amid surging memory demand driven by artificial intelligence infrastructure growth.
- Micron shares climb 7% Thursday, and Applied Materials, KLA Corp, Lam Research rise 7%, while ARM Holdings gains 11%, reflecting heightened investor optimism in the semiconductor sector.
Investment expansion and supply chain commitments
As reported by CNBC, citing Micron in press releases, the company is launching a new strategic investment of up to $3 billion to strengthen the U.S. semiconductor supply chain and speed up its domestic spending plans through 2035.The package includes $500 million for Taiwan-headquartered GlobalWafers to expand wafer development and manufacturing at its Texas facilities. It also includes a 10-year supply agreement for raw silicon wafer capacity, giving Micron additional access to a critical input for chip production.
Ben Tessone, Micron's chief procurement officer, says securing a reliable supply of critical materials is essential to supporting the company's long-term growth and technology roadmap.
Market reaction and broader chip sector impact
In a separate announcement, Micron says it is raising its planned U.S. investment to $250 billion through 2035, an increase of about $50 billion, as memory demand accelerates alongside artificial intelligence infrastructure expansion.Micron shares rise 7% on Thursday after the announcements. Other semiconductor names also move higher, with Applied Materials, KLA Corp, and Lam Research up 7%, while ARM Holdings gains 11%, reflecting broader investor optimism around chip demand and supply chain investment.
In our earlier article on Arm Holdings’ share surge, we noted the stock jumped on strong revenue growth fueled by rising demand for AI infrastructure and advanced chip designs, alongside solid licensing and royalty performance. We also highlighted that while the long-term setup remained constructive, technical signals pointed to near-term resistance and the risk of pullbacks despite the rally.
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