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CNBC
Micron shares rise 7% after announcing billions more in U.S. chipmaking investments
Micron Technology's shares jumped by 7% as the company unveiled plans for significant investments aimed at enhancing the U.S. semiconductor supply chain. This investment includes a commitment of up to $3 billion, with $500 million allocated to GlobalWafers for expanding wafer development in Texas. Additionally, Micron announced an increase in its U.S. investment target to $250 billion by 2035, approximately $50 billion more than previously planned due to soaring memory demand related to artificial intelligence. Such strategic moves are expected to secure a reliable supply of essential materials necessary for Micron’s growth and long-term technology plans.
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Published 9 Jul 2026, 15:55 UTC1 min read
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Summary
TL;DR
- Micron's shares rose 7% after the investment announcement.
- $3 billion investment includes $500 million to GlobalWafers.
- New 10-year supply agreement for silicon wafer capacity.
- Total U.S. investment goal raised to $250 billion by 2035.
- Memory demand driven by AI is driving these investments.
- Related companies in the chip sector also saw stock increases.
Interesting facts
- The $250 billion investment plan positions Micron as a key player in the U.S. semiconductor landscape.
- The increase in spending highlights the growing importance of AI technology in the semiconductor industry.