Micron Announces Additional U.S. Chipmaking Investments, Shares Rise Nearly 5%
Micron Technology announced additional investments totaling up to $3 billion in its U.S. semiconductor supply chain, including a $500 million investment in GlobalWafers for wafer production expansion in Texas. The company also raised its total planned U.S. investment through 2035 from $200 billion to $250 billion due to increased demand driven by artificial intelligence growth.
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Topics: Investments Semiconductors Supply Chain