Micron Technology has announced plans to invest approximately $200 billion in semiconductor manufacturing and research and development efforts in the U.S. as part of a push to improve domestic memory supply and drive U.S. innovation and technology leadership.

The company said Thursday the investment includes $30 billion in additional funding to build a second memory fab in Boise, Idaho, and a potential $50 billion investment in domestic R&D efforts.

The planned investment will support the expansion and modernization of Micron’s existing production facility in Manassas, Virginia; advance the development of a megafab in New York; and bring advanced high bandwidth memory, or HBM, packaging capabilities in the country.

Micron said it has finalized CHIPS Act direct funding worth $275 million to help expand its Manassas facility and onshore its 1-alpha dynamic random access memory, or DRAM, node.

Micron expects the investments to meet market demand and support its goal of producing 40 percent of DRAM in the U.S. 

Strengthening the Domestic Chip Industry 

“Micron’s U.S. memory manufacturing and R&D plans underscore our commitment to driving innovation and strengthening the domestic semiconductor industry,” said Sanjay Mehrotra, chairman, president and CEO of Micron. 

“This approximately $200 billion investment will reinforce America’s technological leadership, create tens of thousands of American jobs across the semiconductor ecosystem and secure a domestic supply of semiconductors—critical to economic and national security. We are grateful for the support from President Trump, Secretary Lutnick and our federal, state and local partners who have been instrumental in advancing domestic semiconductor manufacturing,” added Mehrotra.

Secretary of Commerce Howard Lutnick said Micron’s planned investment will bring memory chip production back to the U.S. and ensure the country’s leadership across artificial intelligence, aerospace and defense, automotive and other critical industries.

Developing Next-Generation Semiconductor Workforce

Micron also committed to investing $325 million in efforts to build the next-generation workforce in support of the U.S. semiconductor industry. 

The investment includes support for semiconductor curriculum development, university partnerships, community college partnerships for apprenticeships and other programs designed to expand access to careers in the semiconductor industry.