Micron Technology Inc. (NASDAQ: MU) has announced a landmark $200 billion investment to expand U.S. manufacturing and R&D, aligning with former President Donald Trump’s push to strengthen domestic chip production and reduce foreign dependence.
The breakdown includes $150 billion for new manufacturing capacity and $50 billion for research and development. The plan includes:
- A second memory fab in Boise, Idaho
- Up to four high-volume fabs in New York
- An expanded and modernized fab in Manassas, Virginia
The strategic focus is on accelerating High Bandwidth Memory (HBM) production, vital for powering AI data centers. Micron aims to produce 40% of its DRAM memory in the U.S., with Idaho’s plant expected to start hardware production by 2027, and site preparation in New York to begin later this year.
Micron operates four business segments: Compute & Networking, Mobile, Embedded, and Storage.
While Micron is one of the most profitable NASDAQ stocks currently, some analysts suggest select AI stocks may offer greater short-term upside and less risk, especially those benefiting from onshoring trends and tariff-related policy shifts.