Against the backdrop of US President Trump urging businesses to increase investment in the US and threatening new tariffs on semiconductors, memory chip manufacturer Micron Technology announced on Thursday that it will invest an additional $30 billion in the US.
Micron stated in a statement that this will bring its total investment in manufacturing and research and development in the United States to approximately $200 billion, and will create around 90000 direct and indirect jobs.
The company stated that this funding will include approximately $150 billion for domestic manufacturing and production in the United States, with an additional $50 billion invested in research and development.
Micron’s additional investment will mainly be used to build a second cutting-edge memory factory in Boise, Idaho, and expand its manufacturing plant in Manassas, Virginia.
These investments aim to enable Micron to meet expected market demand, maintain market share, and support Micron’s goal of producing 40% DRAM in the United States. ”Micron stated. DRAM is a widely used storage chip.
Last December, under the leadership of former President Biden, the US Department of Commerce finalized a nearly $6.2 billion government subsidy to support Micron’s semiconductor production in New York and Idaho. This is one of the largest government subsidies provided to chip companies under the $52.7 billion Chip and Science Act of 2022.
The Trump administration has been seeking to boost domestic manufacturing in the United States and position the country as a leader in the field of artificial intelligence (AI).
However, Trump has consistently opposed providing subsidies to attract chip companies to build factories in the United States, claiming that chip companies are “not short of money at all”. In contrast, he is more inclined to force international high-tech companies to return to the United States by imposing tariffs.
The US government launched a so-called ‘national security investigation’ into chip imports in April this year. This is widely seen as a prelude to imposing tariffs on semiconductors.
Trump has repeatedly threatened to repeal the Chip and Science Act. US Commerce Secretary Lutnik stated last week that the Trump administration is renegotiating some of the subsidies provided to semiconductor companies during the Biden era, implying that some subsidies may be canceled or reduced.